Investors are expecting that the VN-Index might beat the 1,300-point mark in October. What are the supporting factors that could help the market reach this milestone? Recovery led by bank stocks The VN-Index experienced a notable recovery in the latter half of September, not only offsetting the losses incurred during the correction in the first half of the month but also closing September with a gain of four points, equivalent to 0.3%. By the end of last month, the index stood at 1,288 points, once again approaching the key resistance level of 1,300 points. Between September 17 and 30, within just 10 trading days, the VN-Index of the Hochiminh Stock Exchange (HOSE) gained 48 points, momentarily surpassing the 1,300-point mark on September 27. This recovery was accompanied by a surge in trading volume, particularly in the final sessions of September on the HOSE, indicating that cash flows are circulating more robustly and possibly returning to the market in preparation for a new upward spiral cycle. During the last trading week of last month, from September 23 to 27, the average trading volume on the HOSE reached 856 million shares per session, a 20% increase against the previous week. Trading value […]
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