Stock Market

While there was a turbulent period, it is expected the market to become more transparent and sustainable in the long term.

The penalty is seen as unprecedented but a necessary move to ensure the transparency and healthy development of Vietnam’s stock market.

For trading sessions from October 4-8, the Vn-Index may continue to fluctuate in the range of 1,320-1,360.

The Vn-Index would move on to the next resistance zone of 1,375-1,380 if it can hold on to the 1,350-mark this week.

Stocks from firms in fields of retail, tourism, or aviation may become attractive once the process of reopening the economy is accelerated.

Investors remained cautious due to the current serious Covid-19 situation.

While there may be some fluctuation, the market may have entered its short-term recovery phase and moving to the resistance zone at 1,340.

Investors have been more cautious against the backdrop of the global economy on the downside and Vn-Index’s unsuccessful attempts to surpass the 1,380-mark.

The low-interest-rate environment remains the key driving force for the stock market.

Investors are returning to the market and contribute to the recovery of the Vn-Index.