Vietnam Insight

Vietnam stock market had a roller coaster trading week. VN Index started the week with a surprise swing when losing 25 points. System congestion reappeared causing concerns and uncertainties for investors. Massive of negative headline of FLC insider trade and withdrawal from Thu Thiem project of Tan Hoang Minh hit the real estate sect and market overall. Despite of bullish sentiment from banking stocks, they cannot help the Index stay in green. Ending the week, VN Index declined 32.46 points or -2.1% and closed at 1,496.02. At the same time, HNX Index and UPCOM saw harder hit with 5.5% and 2.9% loss respectively.