VN-Index struggles as investors cash out for short-term profits

 Vietnamese shares struggled on Wednesday as investors began cashing out from large-cap firms following recent rallies.

Earnings season cushions market sentiment

Market sentiment was positive after some banks announced their quarterly and six-month earnings reports.

Shares move against regional trend on low liquidity Vietnamese shares moved against the general trend in the region on Monday, driven down by slumps of heavyweight stocks such as Vingroup, brewer Sabeco and steelmaker Hòa Phát Group.

VN-Index could pass 1000-point landmark soon VN-Index could continue its short-term uptrend this week and may surpass the 1000-point milestone again thanks to macroeconomic stability and the US Federal Reserve's expected interest rate cuts, analysts have said.

Large-cap rally helps lift markets The market received strong support from large-caps on Tuesday with both the VN-Index and HNX-Index rising.

VN stocks may keep rising, driven by corporate earnings As corporate earnings are predicted to rise in the second quarter and first six months of the year, investors may return to the Vietnamese stock markets and lift local shares.

Shares recover as cash pushes large-caps up

The benchmark VN-Index on the Hồ Chí Minh Stock Exchange climbed 0.72 per cent to close at 949.94 points.

Top 50 VN businesses honoured

Việt Nam’s 50 most performing businesses (Top 50) in 2018 were honoured at a ceremony in HCM City yesterday.

Retailers take Asanzo’s products off shelves Local media on June 21 reported Asanzo Vietnam Electronics JSC had set up dummy companies to import spare parts from China for assembly in Việt Nam. Then workers allegedly removed the 'Made in China' stamps, assembled them into finished products and labelled them 'Made in Vietnam'.

Funds lose against VN-Index as trade war escalates In the first five months of this year, investment funds lost in the race against the benchmark VN-Index.