The stock market began the new week with a slight decline, as the VN-Index dipped below the 1,275-point mark. Liquidity saw a slight increase, while foreign investors extended their selling streak.
Despite fluctuations over the past week, the VN-Index managed to sustain its uptrend but has yet to decisively break through the 1,280- to 1,300-point resistance zone.
Director of Brokerage at southern-based Dai Viet Securities Vu Hong Nhung's current assessment of the stock market is that it is quite sluggish with low liquidity and an absence of vibrant capital flows.
Recent financial disclosures from over 900 listed enterprises reveal a 20.9 per cent year-on-year growth in profits after tax for the fourth quarter (Q4) of 2024.
Foreign investors accelerated sales of Vietnamese stocks in recent weeks as trade risks grew for the export-reliant country, data shows, despite the prospect of a valuation-boosting market upgrade later this year.
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