Rally ends after earnings season comes to a close

Vietnamese shares retreated from an eight-day rally yesterday as investors looked to sell after the earnings season ended.

Sunlight Real Estate Investment Trust Operational Statistics for the First Quarter of the Financial Year 2020/21 Sunlight Real Estate Investment Trust Operational Statistics for the First Quarter of the Financial Year 2020/21

Struggles forecast on ending earnings season, rally lock-in Securities firms and analysts are getting pessimistic about the market’s short term trend.

Banks, tech firms sustain market rally

Vietnamese shares made modest gains on Friday as strong growth of banks and tech firms neutralised increasing profit-taking pressure in consumer, retail and insurance stocks.

VN market remains upbeat on individual large-cap gains Vietnamese shares edged up on Thursday on the back of few blue chips while increased profit taking kept hitting mid-cap and small-cap sectors.

VN stocks reach 8-month high Vietnamese shares soared on Wednesday, propelled by the positive performance of the large-cap sector.

Sunlight Real Estate Investment Trust: A Maiden Sustainability-linked Loan in collaboration with Sumitomo Mitsui Banking Corporation Sunlight Real Estate Investment Trust: A Maiden Sustainability-linked Loan in collaboration with Sumitomo Mitsui Banking Corporation

VN stocks gain for a third day Vietnamese shares extended gains for a third day as insurance, banking and consumer companies continued their rallies on earnings hopes.

VN-Index loses momentum, banks progress on cash-preserving decision Việt Nam’s benchmark VN-Index gave up early gains despite the strong growth of financial-banking stocks as profit taking strengthened at 930 points.

Local market outlook still positive

Brokerages are maintaining a positive outlook for the markets this week with a strong domestic cash flow still pouring in.