Saturday, April 17, 2021 12:06:01 AM - Markets open
VN-INDEX 1,238.71 -8.54/-0.68%
HNX-INDEX 293.11 -3.01/-1.02%
UPCOM-INDEX 81.79 -0.91/-1.10%
VN stocks forecast to move forward
Vietnam News - 6/10/2019 1:26:51 PM
 (0 ratings. You must sign in to rate.)
Securities companies are betting Vietnamese shares may expand growth this week as the domestic market could benefit from positive macro-economic signals.
The benchmark VN-Index on the Hồ Chí Minh Stock Exchange gained 1.06 per cent on Friday – the strongest rise in two weeks – to end last week at 958.28 points.
Friday’s strong increase helped the VN-Index recoup some of its losses made in the week. The benchmark index lost total 0.17 per cent last week.
An average of more than 150.4 million shares was traded in each session of last week, worth VNĐ3.4 trillion (US$146.5 million).
The HNX-Index on the Hà Nội Stock Exchange was up 1.14 per cent to end Friday at 104.21 points.
The northern market index fell total 0.13 per cent last week.
The Vietnamese stock market was volatile in four trading sessions last week as investors worried trade tensions between the US and other countries would slow global economic growth.
But hopes for the US Fed to cut lending rates twice in 2019 supported the market sentiment on Friday and send the VN-Index straight up to almost level with the previous week’s end of 959.88 points.
“Investors’ confidence was supported by the progress of the US stock market, thus, the VN-Index made strong gains,” BIDV Securities Corp (BSC) reported.
“However, trading liquidity was still low and needs testing next week,” even though it improved from Thursday’s figures, BSC added.
This week, the market sentiment could be more positive after the US late Friday announced it had postponed an increase of tariffs on $200 billion worth of Chinese goods.
The tariffs will remain at 10 per cent until June 15 instead of being raised to 25 per cent as previously planned.
Meanwhile, US Treasury Secretary Steven Mnuchin said on Saturday he had some straightforward and constructive discussions with the Chinese central bank governor Yi Gang on trade issues.
Those pieces of news could boost the market morale in early trading this week, securities firms expect.
In fact, investors are becoming more optimistic about the short-term prospects of the Vietnamese stock market.
According to, VN30-Index futures made strong increases on Friday. The large-cap VN30-Index finished last week at 869.56 points.
VN30F1906 futures, which expire on June 20, gained 0.96 per cent to end the week at 874.80 points. VN30F1907 ended last week at 873.10 points, VN30F1909 and VN30F1912 concluded at 877.50 points and 878.90 points, respectively.
“Investors are still optimistic about the positive movement of the VN30-Index in the future,” said.
Technically, the VN-Index has fallen for three straight weeks with depleting liquidity. But strong purchases appeared on Friday to boost the market.
According to Nguyễn Trung Du, VNDirect’s head of investment consultancy centre, low liquidity is a certain thing at the moment because short-term risks are quite likely given the unpredictability of the international financial market.
“Strong declining sessions occur frequently and indicate investors are kept highly worried about risks,” he told
“That could signal some technical recoveries for the VN-Index next week,” Sài Gòn-Hà Nội Securities (SHS) said in a note.
But the biggest challenge for the market now is a large part of the capital is still standing outside and moving to the derivatives market, SHS added.
“It could make the recoveries short-lived and the VN-Index may decline immediately when facing the resistance,” the stock brokerage said.
“The movements and decisions made in response to trade tensions and the macro-economy will continue driving the market sentiment,” SHS added.
The VN-Index could head to the nearest resistance of 970 points, SHS forecast. — VNS
Read original article here
Newer News
15/04 Market rebounds, VN-Index returns to 1,250 point-level
12/04 Shares to climb on positive Q1 earning results
08/04 Shares rise for eight consecutive sessions, VN-Index hits new high
05/04 Stock market size on HOSE reaches nearly 71 percent of GDP
01/04 Thriving equity market helps boost business transparency
30/03 Stock market expected to maintain growth path in 2021
30/03 Goal of 6.5 percent growth rate – big challenge: GSO head
26/03 Shares rebound due to improved sentiment
23/03 Shares close higher but VN-Index fails to hit 1,200
18/03 Market reverses course, VN-Index rebounds
Older News
07/06 VN stocks move higher following global good mood
06/06 VN stocks slow gains down on economic worries
05/06 Shares recover on bottom fishing
04/06 Trade war fears darken VN stocks
01/06 Shares fall for four consecutive sessions
30/05 VN shares mixed as world markets remain volatile
29/05 Markets fall after ETF reviews portfolio
28/05 VN markets mixed on continued trade worries
27/05 More purchases of small stocks this week: analysts
25/05 VN stocks tumble on international pressure
Newsletter Signup
Top Stories
Reference exchange rate down 17 VND
CPTPP gives boost to Vietnamese exports
Hanoi: March CPI down 0.21 percent against February
Goal of 6.5 percent growth rate – big challenge: GSO head
Reference exchange rate up 12 VND
Market Update
Last updated at 3:20:00 PM
VN-INDEX 1,238.71 -8.54/-0.68%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.