Vietnam's benchmark VN-Index may hit 1,400 in short-term
The VN-Index has been one of the best performing in the world with an expansion of 34.51% in the past six months.
The VN-Index has been one of the best performing in the world with an expansion of 34.51% in the past six months.
The backup system is expected to help HoSE solve the overload issue completely.
The market liquidity at HoSE this morning session exceeded VND21.7 trillion (US$944.8 million), triggering the system alarm.
Local investors continued to dominate the market as their foreign peers remained net-sellers for the 10th consecutive trading session.
The rising of domestic capital flow would boost the local market's resilience against external shock and ensure sustainable growth.
The participation individual investors and margin expansion in upcoming times from share issuance of securities firms are serving as key driving forces to boost market growth.
The benchmark Vn-Index rose 4.1% in April and is up 12.4% year-to-date, outperforming the global emerging markets (GEMs), the Asia ex-Japan, and frontier market indices.
Positive sentiment among investors led to the expansion of three consecutive trading sessions by 20 points before the break, leading to the Vn-Index standing at nearly 1,240 on April 29.
As the benchmark Vn-Index is on track to reach the new height of 1,300 points in short-term, domestic capital inflows would serve as a major driver for growth.
Strong involvement of individual investors and participation of new foreign fund would help offset the net selling trend of foreign investors.