Thursday, April 02, 2020 8:08:29 PM - Markets open
VN-INDEX 680.23 +17.70/+2.67%
HNX-INDEX 95.61 +2.98/+3.21%
UPCOM-INDEX 48.63 +0.89/+1.86%
Vietnam stocks predicted to swing for another week
VietnamPlus - 8/19/2019 1:38:24 PM
 (0 ratings. You must sign in to rate.)
Investors may want to brace for a bumpy trading week as the Vietnamese stock market is still vulnerable to the unpredictability of global shocks in geographic, political and economic conditions.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange increased by total 0.58 percent to finish last week at 980.00 points.
On the Hanoi Stock Exchange, the HNX-Index lost total 0.43 percent to end last week at 102.35 points.
Nearly 206 million shares were traded on the two local exchanges, worth 4.52 trillion VND (194.4 million USD).
The opposition of the two local indices means investors are unsure about the short-term prospects of both global and domestic markets, according to analysts.
International investors then tried to offload their local assets and turned to safer ones to avoid the risks.
In Vietnam, foreign investors last week net-sold 834 billion VND worth of Vietnamese shares. They sold net 1.04 trillion VND in the previous week.
The last two weeks of net foreign selling indicates foreign investors are running out of confidence, analysts said.
The Vietnamese stock market is now under heavy pressure from the international political and economic news, said Le Duc Khanh, director of market strategy department at PetroVietnam Securities (PSI).
The main concern is how the US economy, if it falls, will affect the Vietnamese economy, he said.
That concern is driving the market sentiment and results in the mixed responses among investors, he added.
The US-China trade war and the development of the US benchmark 10-year bond make the global markets quite volatile, Vu Minh Duc, director of market research and analysis at Viet Capital Securities, told
This week, there is no sign showing the global stocks will settle down, so the Vietnamese shares may continue hovering, he said.
The foundation of the Vietnamese stock market is not stable, so there is little chance for a sustainable short-term uptrend, according to BIDV Securities Corp.
The market will move in a tight range between 970-985 points this week and more declines are expected, Khanh at PSI said.
Last week, the benchmark VN-Index advanced thanks to the growth of bank and consumer stocks. Food and beverage producers also performed well.- VNS/VNA 
Read original article here
Newer News
01/04 VN stocks pick up after officials' reassurances
30/03 VN stocks nosedive following higher infection reports
27/03 Shares struggle as investors still cautious after hefty gains
26/03 Securities service fees cut does help, but more drastic measures in need: experts
26/03 VN-Index witnesses largest one-day gain since 2012
19/03 VN stocks head up amid strong foreign selling
18/03 VN-Index slides as foreign selling outclasses cheap purchases
18/03 Prices of some securities services to be cut to support market
17/03 VN stocks lose ground on recession worries
16/03 Market analysts expect unstable trade this week
Older News
15/08 Securities regulator unveils corporate governance code
14/08 Investors cheer US tariff delay
14/08 Post-merger stock exchange headquarters in Hanoi
11/08 Listed companies honoured for best investor relations
09/08 VN-Index makes progress on purchase power
08/08 VN shares move up but liquidity modest
07/08 Shares slide, money flows into industrial sector
06/08 Shares tumble on massive selling
02/08 VN stocks fall on US-China trade news
01/08 Shares recover on strong first-half earnings
Newsletter Signup
Top Stories
Reference exchange rate down 5 VND on March 26
Reference exchange rate up 5 VND on March 18
Shares tumble over WHO declaration of COVID-19 pandemic
Tight co-ordination needed to ensure EVFTA benefits
VN shares mixed, but growth expected to return
Market Update
Last updated at 3:30:09 PM
VN-INDEX 680.23 +17.70/+2.67%
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.