Vietnam’s stock market boosted by strong money flow

Vietnam’s benchmark VN-Index rose by 3.07 points to more than 1,078 points on May 30, with gains in 225 stocks and losses in 156, while 60 were unchanged from the previous day.

In Hanoi, the HNX-Index climbed by 1 point to 221,33 points, while the UPCoM-Index of unlisted public companies edged by a slight 0.54 point to 81.67 points.

Market liquidity reached more than 19.323 trillion VND, a strong rise from a day earlier at 16.242 trillion VND. Last week, the average trading value on three exchanges was just 14.552 trillion VND.

Such figures suggest that the liquidity of the Vietnamese stock market is rising session after session.

According to experts, falling interest rates will help lower the opportunity costs when investing in stocks while reducing the financial costs of enterprises, thereby improving market earnings.

NDO