Although the market may slow down in July, there will be divergence among industry groups, as money continues to move flexibly to those companies with solid business results. Market outlook for July With Vietnam’s expansionary monetary policy in place and the U.S. Federal Reserve’s decision to halt interest rate hikes, the VN-Index showed a positive trend for the second consecutive month, recording a 4.2% gain in June. Alongside this significant increase, liquidity also improved, with the average trading value on all three exchanges reaching VND19 trillion per session, a 38% increase compared to the previous month. Notably, the trading volume on the HOSE reached its highest level since March 2022. However, after a series of winning sessions, the market came under profit-taking pressure, leading to a correction trend in late June. Concerns arose regarding investigations into stock price manipulation at certain companies and the possibility of the Fed raising interest rates in the second half of the year. Fed Chairman Jerome Powell’s recent remarks hinted at a potential interest rate hike in July and during the central banking system’s next meeting in September. This news is not favorable for stock investors. If the Fed increases interest rates, the State Bank […]
To read more, please click here.
