Viet Nam News HÀ NỘI – Vietnamese shares are expected to go up in August as investors look forward to listed companies’ earnings prospects in the remaining five months of the year, especially banks and financial firms. The benchmark VN-Index on the HCM Stock Exchange gained 0.58 per cent to close last week at 935.52 points, totalling a two-day increase of 0.85 per cent. The HNX Index on the Hà Nội Stock Exchange added 1.07 per cent to end Friday at 105.70 points. It has risen a total of 2.04 per cent in the last two sessions. The increases of the last two days helped the VN-Index finish last week 0.23 per cent higher than the previous one, but the HNX Index fell 1.78 per cent on a weekly basis. The VN-Index has fallen 2.63 per cent since the end of June, while the figure for the HNX Index is 0.44 per cent. An average of more than 252 million shares, worth VNĐ4.82 trillion, was traded in each session of last week. Large-cap stocks remained among the most important factors to lift the market last week, however, attention was paid to speculative stocks following their positive second quarter earnings reports and business news. Foreign investors continued net-selling a total VNĐ423 billion worth of local stocks. They have totalled VNĐ1.09 trillion worth of net sell value in the last two weeks. According to Nguyễn Trung Du, head of the brokerage division at VNĐirect Securities Co, trading liquidity in July remained positive… [Read full story]
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