Stock analysts have predicted the market will likely extend gains this week but divergence will continue happen in the context that listed companies begin releasing the third-quarter earnings.
Sài Gòn-Hà Nội Securities Co (SHS) has displaced Saigon Securities Inc (SSI) to be the leader among the 10 brokerage firms with the highest third-quarter market share on the Hà Nội Stock Exchange (HNX).
Shares extended gains on Wednesday on the HCM Stock Exchange with the benchmark VN-Index rising 0.41 per cent to close at 813.95 points, expanding its three-day rally to 0.76 per cent.
Việt Nam’s benchmark VN-Index fell slightly on Tuesday, covering part of losses made in intraday trading as investors hunted for low-priced stocks.
Việt Nam’s benchmark VN Index rallied for a seventh session on Friday, driven by leading stocks in real estate, food and beverage, insurance-finance and construction sectors.
Vietnamese shares have risen during the last three sessions on both the local exchanges, but this rally is not expected to sustain through the last trading week of August.
Việt Nam’s benchmark VN Index advanced on Wednesday from a two-day decline as investors were attracted to cheaper stocks after the market’s recent drops.
Việt Nam’s benchmark VN Index extended its loss for a second straight session on Tuesday as investors remained pessimistic over trading conditions.
Việt Nam’s benchmark VN Index remained fragile on Monday, losing its positive momentum as investors remained cautious over the current market downtrend.
Vietnamese shares have had a rough losing week and the next five trading sessions at least are likely to trade negatively, according to analysts and brokerage companies.