After a robust uptrend from mid-February to June this year, followed by a sharp correction in July and a stagnant period lasting nearly two months, technology stocks are now signaling readiness for a fresh wave of growth. Upsurge With Donald Trump re-elected as U.S. President, Vietnam’s stock market moved in tandem with global trends and posted significant gains on November 6 as the VN-Index rose by 16 points. However, the momentum was short-lived, with the market easing off over the next three sessions. Over the past three weeks, the VN-Index has hovered around the 1,250-point mark, fluctuating narrowly between 1,245 and 1,265 points. Amid the overall market gloom, cash flows have increasingly concentrated on specific sectors, notably technology. On November 11, as well as during the preceding two trading sessions, several technology stocks hit their price ceilings with remarkable trading volumes, fueled by growing optimism surrounding the sector’s future prospects. For instance, shares of Mobifone Technical Service Joint Stock Company (UPCoM: MFS) surged by more than 35% during the trading sessions on November 7, 8, and 11. Trading volumes had reached their highest levels since June, when the stock peaked at VND76,000 per share. Similarly, shares of the joint stock […]
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