Vn-Index sets sight on surpassing 1,500
The low-interest-rate environment remains the key driving force for the stock market.
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.
Positive budget collection during the first seven months is thanks to economic recovery from late 2020 to June this year.
Credit demand has been on the rise in the first half of the year and is set to maintain its growth momentum for the second six months.
The move, if realized, would be welcome news for investors, especially those with limited financial capabilities, to buy stocks in small quantities.
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.