Viet Nam's stock market is entering a more positive movement this week, spurred by a series of supportive solutions from the Government, said brokerages.
The strong rally of Vietcombank (VCB) to its old peak helped benchmark indices end the week on a positive note. However, foreign investors net sold a large value on the market.
The Viet Nam Association of Realtors (VARs) has reported that more than 90 per cent of the real estate exchanges recorded a decrease in revenue in the first quarter of this year compared to the same period last year.
With the expectation that interest rates will continue to fall in the coming quarters while corporate profits begin to recover, brokerages forecast that the Vietnamese stock market will be uplifted in the second half of 2023.
Vietnamese shares dropped on Thursday after three straight gaining sessions as recent good performance of the market triggered stronger profit-taking sentiment.
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