Investors at a VNDirect Securities Company trading floor. — VNS Photo Truong Vi The market is forecast to move sideways with alternative ups and downs in a narrow range next week, analysts have predicted. The benchmark VN-Index on the Ho Chi Minh Stock Exchange slid 0.06 per cent to close at 989.20 points, totalling a weekly loss of 0.27 per cent. On the Ha Noi Stock Exchange, the HNX-Index edged down 0.55 per cent to end Friday at 105.48 points. The index had risen 0.21 per cent on a weekly basis. An average of 213.9 million shares was traded on the two exchanges last week, worth VND4.3 trillion (US$183 million). According to Ngo Quoc Hung, senior analyst at MB Securities Co’s market strategy department, thinking positively, the Vietnamese market will keep its upward trend with slight fluctuations. “Liquidity may remain below VND3 trillion on the HOSE,” Hung told news site tinnhanhchungkhoan.vn. Listed companies were publishing their third quarter earnings reports, which could lead to a divergence among stock. Foreign investors had reduced their net selling and switched to net buying in the past week, Hung said. He said: “Technically, the VN-Index is in the accumulation stage so the index may… Read full this story
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