Cash inflows return to pull Vn-Index upward
Investors are returning to the market and contribute to the recovery of the Vn-Index.
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.
Vietnam’s bright economic outlook remains a pull factor for foreign investors.
The index lost a total of 123.97 points, causing evaporation of over VND464.3 trillion (US$20.16 billion) in the HoSE’s market capitalization.
The total number of securities accounts in the country is estimated at over 3.39 million, or 3.5% of the population.
The trading system went smoothly without any crash as liquidity reached VND28 trillion (US$1.22 billion) at the close, slightly up from previous sessions.
All factors are pointing to a positive prospect of Vietnam’s stock market by the end of this year.
Since the first crash last December, stock authorities have been actively working on solutions to solve the issue.
The mid-term outlook of the market remains bright, but in short-term, investors may face certain risks.
This could be a good opportunity for investors to consider buying good stocks that have gradually plummeted to the short-term support area, said a securities company.