Tag: digital finance

Despite valuations not yet being considered cheap, the number of stocks with P/E ratios below 10 or 15 is approaching levels seen during market phases where the P/E hovers around 13.5. Historically, such phases have proven favorable for wealth accumulation.

"Fund managers, with a hint of humor, quip that this year’s VN-Index should be rebranded as the VIN-Index, given the overwhelming dominance of this corporate group in driving the index’s performance," shared the head of Pyn Elite Fund.

The December 23rd session closed on a high note, with the VN-Index surging over 21 points to reach 1,772. Amid this upbeat market, foreign investors demonstrated their confidence with a third consecutive net buying session. Conversely, securities firms' proprietary trading desks reversed course, opting for net selling. MWG emerged as the standout stock of the day, capturing attention due to contrasting actions from these market heavyweights.