Foreign investors recorded their second consecutive week of net buying Vietnamese stocks with 64.64 million shares worth over VND1.03 trillion ($41.86 million) from January 22-26, nearly 3.5 times in volume and 2.3 times in value higher than the previous week.
Vietnam’s benchmark VN-Index is forecast to reach 1,300 points in 2024 on the back of low deposit interest rates at commercial banks, says leading broker Vietcombank Securities (VCBS).
Despite deposit interest rates at banks have reached historically low levels, it is premature to anticipate a significant influx of capital from banks into the securities market at this time.
Loc Troi JSC, a leading agricultural services and food corporation in Vietnam, will export rice to Indonesia and Malaysia in a new move amidst rising prices in key exporting countries.
VN-Index crashes in session before break
By Hung Le February 8, 2021 | 08:40 pm GMT+7
An investor looks at stock prices on the screens at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran.
The VN-Index tumbled 3.88 percent to 1,083.18 points Monday, ending a streak of four consecutive gaining sessions.
The Ho Chi Minh Stock Exchange (HoSE), on which the VN-Index is based, was a sea of red with 385 stocks losing and only 69 gaining, out of which 18 hit their lower circuits. Total trading volume jumped over 15 percent compared to the previous session, to VND16.6 trillion ($722.13 million).
The benchmark index saw modest losses at the start of the session, but began sliding by 10 a.m. as an influx of sell orders piled in. At 10.20 a.m., the VN-Index was down 17.11 points, or 1.52 percent, to 1,109.8 points.