Vietnam Insight

Vietnam stock market came back to bullish momentum in the 48th week of the year. Although the weakness of Mid Cap and Small Cap at the beginning had slightly impact on VN Index, the awakening of banking stocks after that triggered the strong revival of the Index. Of course, VN Index constantly reached new highs in days after. The recently one was 1,511 made on the last trading day of the week. However, it quickly turned red due to strong profit-taking pressure. Ending the week, VN Index added 40.68 point more (+2.8%) and closed at 1,493.03. At the same time, HNX Index and UPCOM index maintained their green, but at a slower rate at 1.0% for both.