Investors watch market movements at the SSI trading floor in Ha Noi. Vietnamese shares may bounce back next week as investors will seek out stocks that suffered sharp falls in previous sessions. — VNA/VNS Photo Doan Tung Vietnamese shares may bounce back next week as investors will seek stocks that suffered sharp falls in previous sessions, analysts said. The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HOSE) gained 0.04 per cent to end Friday at 970.75 points. It totaled a weekly loss of 0.72 per cent last week. An average of 187.6 million shares were traded on the southern bourse last week, worth VND4 trillion (US$171 million). According to Hoang Thach Lan, head of individual investor division at Viet Dragon Securities JSC (VDSC), the market might recover slightly because of the bottom-fishing demand on large-caps, many of which had suffered sharp falls and declined to attractive prices. The VN-Index is forecast to continuously receive support from 966-971 points next week, Bao Viet Securities (BVSC) said in its report. “If breaking through this zone, the market will possibly fall under a stronger declining risk to the medium-term support zone 949-955 points in the short term,” it said. “However, foreign… Read full this story
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