Vn-Index set to go sideways this week
For trading sessions from October 4-8, the Vn-Index may continue to fluctuate in the range of 1,320-1,360.
For trading sessions from October 4-8, the Vn-Index may continue to fluctuate in the range of 1,320-1,360.
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.
Investors remained cautious due to the current serious Covid-19 situation.
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 move, if realized, would be welcome news for investors, especially those with limited financial capabilities, to buy stocks in small quantities.
Vietnam’s bright economic outlook remains a pull factor for foreign investors.
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.
The system is capable of processing up to five million transaction orders.
Since the first crash last December, stock authorities have been actively working on solutions to solve the issue.
With this deal, the Japanese firm has become the third-largest shareholder at Petrolimex with a total share amount of 63 million, or a 4.87% stake.