The Vietnamese benchmark VN-Index recorded its largest daily gain in 19 years on Monday, following last week’s late gains thanks to upbeat global mood on the slowdown in COVID-19-related deaths and new cases.
Viet Nam’s benchmark VN Index ended its six-day rally as investor confidence was dampened by negative developments of the US-China trade dispute but strong purchases helped offset some of the losses.
Viet Nam’s benchmark VN Index ended on a negative note for the second day in a row as profit-taking pressure rose in the last minutes to limit the growth of large-cap companies.
Viet Nam’s benchmark VN Index made a three-day increase to near the all-time peak of 1,200 points yesterday on strong growth of property developers and building contractors.
Viet Nam’s benchmark VN Index advanced on Wednesday but narrowed its growth at the end of the session as profit-taking pressure arose when the index approached the 1,200-point level.
Viet Nam’s benchmark VN Index touched its new all-time high on Thursday but investors aired on the side of caution over fear global stocks would move this week amid a possible global trade war.
The benchmark VN-Index hit an almost decade-high on Wednesday after large cash flows poured into blue-chip stocks on investor optimism over a sustainable uptrend.
Vietnamese exchanges will likely extend gains this week after remaining
closed during Tet, as investor confidence may rise on strongly
rebounding oil prices and a weaker US dollar against the Vietnamese
dong.
The national stock market may extend its losses during early trading
this week ahead of the US central bank''s December meeting, Maritime
Securities Incorporate (MSI) wrote in a weekly forecast.