The Vietnamese monetary market will not suffer from any significant impact from the US Federal Reserve (FED)’s fourth interest rate hike in 2018 as the move was already expected, experts have said.
Market indexes and liquidity suffered a sudden fall in the final trading session last week, meaning that negative signals started to appear following a period of recovery.
Shares plummeted on July 3 as strong selling pressure pushed the benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) and the HNX-Index on the Hanoi Exchange (HNX) to hit rock bottom in 2018.
Shares closed the June 21 session in the red on both local stock exchanges as the selling pressure had been dominating since the beginning of morning session, despite the positive performance recorded on the previous day.
Shares declined in the afternoon session as strong selling pressure forced the benchmark VN-Index on the Ho Chi Minh Stock Exchange (HOSE) to fall below the 950-point mark to close at 948.5 points on May 30.
Selling pressure embraced the whole stock market on May 21, pushing the VN-Index on the Ho Chi Minh Stock Exchange (HOSE) down to 1,014.98 points, a fall of 25.56 points as compared with the previous day.
Panic and selling pressure embraced the whole stock market on April 19, pushing the VN-Index down to 1,094.63 points, a fall of 43.9 points as compared to the previous day.
Vietnamese shares declined on February 8 as investors showed little confidence amid the current volatility of the global markets and the sharp fall in crude prices.
Selling pressure is predicted to extend to this week’s trading, which may have negative impacts on the stock market, in the context of declining trade by foreign investors and unexpected movements in the US market.
Vietnamese shares declined on January 1 as the market reversed quickly at the end of the trading session and especially during the ATC session, dragged down by blue chips in the banking and energy sectors.
Vietnam’s benchmark VN Index has extended its growth for a fourth straight week, though recent market trading conditions suggest the benchmark index could struggle with rising selling pressures this week.
Shares edged down on the two national stock exchanges on October 23, led by large caps which declined steeply under strong profit-taking selling pressure.
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