Tag: land-use right auction

The Vietnamese stock market still lacks depth, with large caps predominantly comprising familiar enterprises and few prominent new private conglomerates. To address this issue, policies should focus on accelerating the equitization of state-owned enterprises and fostering an environment conducive to the robust growth of private enterprises.

The VN-Index and HNX-Index both witnessed a decline, alongside a significant surge in trading volume during the morning session, indicating a prevailing sense of pessimism among investors.

The VN-Index declined with the emergence of a High Wave Candle pattern. The persistent low trading volume, below the 20-day average, indicates cautious trading among investors. Currently, the index is testing the Middle line of the Bollinger Bands. If this level is breached in upcoming sessions, the situation will turn more pessimistic, and a retreat to the old peak breached in June 2024 (1,290-1,310 points) is highly likely. Meanwhile, the Stochastic Oscillator and MACD continue their downward trajectory after issuing sell signals, suggesting that short-term correction risks persist.