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Shares forecast to correct on cautious sentiment Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
10/05/2021 11:01 GMT+7
Vietnamese stocks are forecast to stay on a downward trend this week due to caution among investors and accelerated selling pressure from foreigners, analysts said.
Investors make transaction orders at Bao Viet Securities Co s transaction floor. It is forecast that the market will see corrections at the beginning of this week.
The market benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) lost 0.7 per cent to close Friday at 1,241.81 points.
It gained 0.2 per cent last week.
Margin loans to securities firms on rise 09:00 | 10/03/2021
Margin loans are taking off, with banks sponsoring securities firms, photo Le toan
A variety of stimulative efforts by the Vietnamese government to support the domestic economy has consequently created a springboard for stocks to surge. The fear of missing out has also pushed many local and foreign banks to allocate more funds into brokerages under the so-called margin loans, thus giving investors greater buying power.
The financial statements of 25 securities firms with large outstanding loan balances to customers showed that as of the end of 2020, their total debts reached VND84.97 trillion ($3.66 billion), an increase of 48.9 per cent against the beginning of the year and up 24.9 per cent against the third quarter of 2020. Meanwhile, short-term loans from banks were VND76.85 trillion ($3.31 billion), up 65 per cent against the beginning of this year and 28.6 per cent compared with thre