Workers at FPT Corporation (FPT). Information technology stocks rose the most last week, mainly thanks to the push from FPT stocks, increasing 16.3 per cent. — Photo courtesy of FPT The Vietnamese stock market may continue to advance during the two last trading days before the Tet (Lunar New Year) holiday but cash poured into the market is believed to decline and there might be a differentiation between flows. The benchmark VN-Index on the Ho Chi Minh Stock Exchange rose 1.32 per cent to end Friday at 1,126.91 points. It had climbed 6.65 per cent last week. An average of 598.7 million shares was traded on the southern exchange during each session last week, worth VND13.5 trillion (US$590.2 million). “The market is expected to continue its advance in the next two trading days. After overcoming the resistance zone around 1115-1118 points, VN-Index is very likely to head towards a strong resistance zone around 1180-1200 points in the short-run,” said Bao Viet Securities Co. “The capital flow into the markets is expected to weaken slightly as the investors usually refrain from trading when Lunar New Year Holidays are approaching. “As a result, there might be a divergence of capital flow next week,” it said. The company said investors should maintain equity exposure at around 50 per cent to 70 per cent of total portfolio value. “Investors holding a high proportion of cash may considerably increase the size of the positions when the market enters correction phases. “For the investors with large equity proportions and are using margin, they would consider utilising the days the market rises sharply to reduce the equity exposure to a safer targeted level of exposure,” it said. According to MB Securities Joint Stock Company (MBS), the stock market grew last week following the same trend with other markets around the world. “Domestic investors still traded positively and there were few signs of cautiousness even …
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