Vietnam benchmark Vn-Index expected to surpass June’s peak to 920 in Sept
The recent uptick of the market, however, is not sustainable, when the margin outstanding may have increased sharply along with the rise.
The recent uptick of the market, however, is not sustainable, when the margin outstanding may have increased sharply along with the rise.
Being allowed to short sell and trade at T+0 will help Vietnam improve evaluation criteria under global providers of financial services such as FTSE Russell and MSCI.
The reducing and waiver of securities services fees would last until June 30, 2021.
This marked the sharpest drop among stock markets globally during today’s trading session.
Vietnam’s stock market has been the platform to help firms like Vietcombank, Vinamilk and Vingroup, expand to regional and global stages.
The VN-Index's rally stemmed from strong participation of domestic investors and lower selling pressure from foreign players.
The reference price in the first trading session is set at VND11,570 (US$0.5) per share, equivalent to a market capitalization of VND46.28 trillion (US$2 billion).
Banking and real estate continue to be the top two sectors in the stock market in terms of profit and growth rate.
If penetrating through resistance zone of 940- 943, the index will head toward 960-970 points in the short term, said a brokerage firm.
In 2019, foreign investors bought in shares worth VND3.7 trillion (US$159.67 million), but offloaded over US$4.4 trillion (US$189.88 million).