Market Analysis: Indices Fall Amid Investor Caution in First Post-Upgrade Week
1 report, 1 independent
Updated Mon 00:00
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What happened
The stock market closed its first trading week as a secondary emerging market status in negative territory. On the Hochiminh Stock Exchange, the VN-Index dropped 1.68 per cent to 1,785.11 points. The Hanoi Stock Exchange saw the HNX-Index decline 1.12 per cent, closing at 272.21 points.
From vietnamnews.vn
Why it matters
During the week, foreign investors reversed course, shifting from net buying of over VNĐ2.6 trillion the previous week to net selling of about VNĐ2.8 trillion. Experts from Saigon-Hanoi Securities noted that the market needed more time to find a balance due to caution and lower liquidity.
From vietnamnews.vn
Who's involved
- SHSProvided expert analysis on the market performance of the Hanoi Stock Exchange.
- Hanoi Stock ExchangeThe market whose performance was analyzed, showing declines in its indices.
Keep exploring
The entities involved
- SHS
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Hanoi Stock Exchange
formerly Hanoi Securities Trading Centre
Nothing else this week.