Vietnam stock market posts world’s highest gains
By Phuong Dong June 7, 2021 | 06:50 am GMT+7
An investor looks at stock prices on a smartphone at the Yuanta securities firm in District 1, Ho Chi Minh City, on March 2021. Photo by VnExpress/Quynh Tran.
Vietnam’s benchmark VN-Index has surged 34.51 percent in the first half of this year, marking the highest increase in the world.
Abu Dhabi was second with its stock market rising 33.06 percent, followed by Austria with 32.65 percent, according to China-based stock database StockQ.
With an increase in five consecutive sessions in the past week, VN-Index reached 1,374.05 points last Friday, up 4.06 percent over the same day last week. Vietnam ranked third among the most active markets in the past week after Argentina and Hungary, according to the Chinese stock database.
Wednesday, 10:12, 12/05/2021
While the expansion of the consumer price index (CPI), seen as a gauge for inflation, remained under control, growing prices of input materials and heating up economic activities are factors that could increase inflationary pressure on the remaining months of the year.
In April, Vietnam’s CPI declined by 0.04% against last month but rose by 1.27% compared to late 2020. This put the average CPI growth in the first four months by 0.89%, the lowest growth rate since 2016, while core inflation in the January – April period increased by 0.74%.
Economist Nguyen Tri Long noted the CPI growth since early 2021 came as a result of ongoing government’s management policy.
Update: April, 19/2021 - 06:00 |
No Va Land Investment Group s head office in Nguyễn Du Street, District 1, Hồ Chí Minh City. Photo vinhomecitys.com
HÀ NỘI The market ended lower last week as many large-cap stocks faced selling pressure after the VN-Index hit a new high of over 1,255 points. Some analysts from securities firms expected that the market s bullish trend will continue this week, while others were more cautious and see a downward trend dominating the market.
The market benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) fell 8.54 points, or 0.68 per cent, in Friday s trade to 1,238.71 points. The index hit a record high of 1,255.87 points on Wednesday.
Vn-Index predicted to hit all-time high of 1,300 pts in April Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
08/04/2021 11:56 GMT+7
Strong involvement of individual investors and participation of new foreign fund would help offset the net selling trend of foreign investors.
Vietnam’s benchmark Vn-Index could reach its all-time high of 1,300 points in April, with new foreign cash flows and domestic individuals as key market drivers.
The new capital inflow would help offset the net selling trend of foreign investors, said the Viet Dragon Securities Company (VDSC) in its monthly report.
According to the VDSC, the stock market in April will maintain their upward movement from March, with the Vn-Index ending the month with a gain of 1.23% month-on-month to 1,191.44.