Stock Market Weekly Forecast: VN-Index still keeps recovering
VN-Index is expected to head towards the nearest short-term old peak around 1,660 – 1,670 points in the coming sessions.
VN-Index is expected to head towards the nearest short-term old peak around 1,660 – 1,670 points in the coming sessions.
This Friday will be the VN30 futures expiration date, which may cause sharper swings in the VN-Index over the preceding sessions.
Vietnam’s stock market is entering a period of declining liquidity, yet the VN30 blue-chip group continues to provide enough momentum to support the major indexes.
The VN30-Index is witnessing dull trading days, both in terms of volatility and liquidity.
1Q23 market aggregate earnings slumped by 18.1% yoy, improved from that of -31.9% yoy growth in 4Q22.
HOSE will announce the VN30 index result on January 16, 2023, which will be effective on February 6, 2023.
The VN30 Index will be reviewed in January 2022 and be effective from February 7, 2022. However, VNDirect expects no changes to this VN30 index 1H22 review.
Listed companies are pinning their hopes on a speedy recovery in the fourth quarter of the year, having had a hard time staying afloat under the severe negative impact...