Vn-Index

Vietnam stock market recorded a seventh consecutive month with the number of new securities accounts exceeding the 100,000-mark.

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.

The securities company advised investors to buy in mid-cap stocks or blue chips and sell small-cap ones that have earned a sizeable profit for some time.

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

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.

It remains unclear whether the rise of the stock market benefits enterprises and supports growth.