While none too significant, some companies have announced plans for capital raising through additional share issuances after the 2023 Annual General Meeting of Shareholders.
The strong development of the stock market, with rising retail investors and financial investment demand, has prompted many banks to cooperate with securities firms and fund management companies to add more cross-selling products.
The active domestic market with high liquidity, mostly from local retail investors, has been supporting securities firms this year with many reporting outstanding performance.
Viet Nam’s stock market struggled to find direction last week as liquidity fell continuously and foreign investors net sold a value of more than VND2.22 trillion (US$96.6 million), causing analysts from securities firms to have cautious views of the market...
Even though the stock market is expected to continue rising, securities firms still warned of some corrections in the short-term due to profit-taking pressure.
With securities firms now allowed to increase their total liabilities to serve the increasing number of customers, the Vietnamese market has never been more active.
As the VN-Index broke the psychological level of 1,200 points, along with many positive outlooks about the market, securities firms set big growth targets for 2021.
Some analysts from securities firms expected that the market''s bullish trend will continue this week, while others were more cautious and see a downward trend dominating the market.