The VN-Index marked its third consecutive weekly loss, falling by -22.67 points to 1,242.1 points, while the HNX-Index dropped 3.86 points to 236.7 points and the Upcom fell to 95.2 points.
Weekly liquidity decreased by 17.4% compared to the previous week, reaching approximately VND 16,000 billion/session. On a positive note, foreign investors net bought VND 461 billion on all three exchanges, including a net purchase of VND 420.4 billion on HoSE. Many investors are discouraged by significant losses in stocks that have declined more than the overall market.
NLD Newspaper quoted several securities companies’ predictions about the trend for the coming week.
Dragon Capital Chairman: “Long-term vision is needed, accepting necessary adjustments for a safer, more efficient, and higher quality market”
According to Mr. Dominic Scriven, Chairman of Dragon Capital, the role of the finance industry in the stock market will be significant in 2023 and possibly in 2024. The roles of other industries, such as real estate or consumer goods, will depend on their respective challenges.
Investing in a volatile market: Should beginners consider putting money into high-yield bonds for 10-30% yearly profit?
Short-term stock market trading has proven to be a risky venture for many investors, leading to substantial losses. However, there are a few select open funds that have managed to achieve impressive returns, reaching up to 30%.
