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Ho Chi Minh City
Tuesday, July 16, 2024

Hope for a positive year-end

By Trieu Duong

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The notable improvement in stock market liquidity brings a positive outlook. Money is flowing back into securities. Correction pressure Recent times have seen the stock market under significant correction pressure. Concerns arise from the potential negative impact of soaring exchange rates on monetary policy, coupled with the influence of the Chinese real estate market due to Evergrande Group’s bankruptcy protection filing in the U.S. On August 18, the VN-Index plummeted by 55 points during the trading session, with over 1.58 billion shares traded on the HOSE alone. Subsequently, on August 22, the index temporarily lost over 30 points, dropping below the 1,150-point threshold before recovering its balance. Although the VN-Index returned to the 1,200-point mark during the trading session on August 28, the market is still grappling. As anticipated, the stock market entered a correction phase in the latter part of August, a short-term phenomenon according to analysts, as the medium- and long-term trajectory remains positive. Dragon Capital predicts an imminent end to the correction phase, indicating that exiting the market at this juncture might lead to re-entry at a higher price, considering the history of similar downturns. The institution notes that the central bank and the Government have conveyed […]
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