Recent developments at Deutsche Bank will have no effects on capital flows into Việt Nam, according to Bảo Việt Securities Co (BVSC).
Shares moved little on Friday despite it being the last trading day for exchange-traded funds (ETFs) to restructure their second-quarter portfolios.
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.
Vietnamese shares had little movement on Monday foreign exchange-traded funds (ETFs) began shaking up their investment portfolios.
The market is expected to remains positive trend in the short-term, with the VN-Index keeping moving towards the 990-1,000 point range next week.
Over the past year, most investment funds in Việt Nam’s equity market have seen negative growth in net asset value per share (NAVPS) due to the poor performance of the market indices.
Most investment funds in Việt Nam’s equity market have recorded modest gains and were beaten by the growth of the benchmark VN-Index in the past three quarters.