Việt Nam’s benchmark VN-Index surged on Wednesday after a six-day losing streak as investor sentiment improved following solid data of PMI in June and steep cuts in interest rates of some banks.
Market insiders have predicted M&A activities will sharply increase soon.
The benchmark VN-Index on the Hồ Chí Minh Stock Exchange dropped 0.31 per cent to end this week at 851.98 points.
The decline of the VN30 futures and the gap between the VN30-Index and its VN30 futures indicated that investors still felt negative about the market’s short-term development
The VN-Index stepped down from a three-day increase of a total 1.97 per cent between June 18 and June 22.
According to analysts from MBS Securities JSC, short-term correcting pressures have passed and caused no significant disturbance.