Net outflow of exchange-traded funds (ETFs) from ASEAN markets in the first quarter of 2020 reached US$283 million, VNDirect Securities Corporation (VNDS) has estimated.
Shares moved little on Friday despite it being the last trading day for exchange-traded funds (ETFs) to restructure their second-quarter portfolios.
Vietnamese shares ended Monday on a negative note as market sentiment was weighed down by the unpredictability of both local and international markets.
Việt Nam’s benchmark VN-Index grew beyond expectations in the first quarter of 2019, but a number of investment funds were unable to outperform the benchmark in the same period.
Investors may keep betting on bank stocks this week, securities firms said, but selling pressure may weigh on the market’s overall performance as local stocks are considered as being overbought in recent days.
Vietnamese shares fell on Friday, ending a three-day rise, as investors continued seeking short-term profits on the last day of exchange-traded funds’ review.