Vietnam Insight

Sidesways movement was still main play of Vietnam stock market in the recent week although there was a surprising roller-coaster move. Cautiousness is still existed in most of investors as VN Index is trading the all-time high and there was not really a strong catalyst when the year is coming to end. Thus, the first 3 session VN Index was trading at a flat range. Market was put into an extremely volatile state in the last two as VN Index lost more than 20 points on Thursday and quickly recovered all the lost on the day after. Closing the week, VN Index dropped by -2.76 points or -0.2% and stopped at 1,477.03. In the meanwhile, HNX Index and UPCOM index got a harder hit with losses of 2.3% and 1.3% respectively.