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“UPCoM Liquidity Surges 13% in April”

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The UPCoM market in April 2025 mirrored the listed stock market, plunging early in the month, then staging a mild recovery and trading sideways for the remainder of the period. Average trading volume rose 13% from March, reaching nearly 61.4 million shares per session, while average trading value climbed 11%, surpassing VND 803 billion per session.

The Exchange Rate “Snaps Back” Post-Intervention

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The central exchange rate ended its 8-session winning streak on the morning of October 28, falling for the second consecutive session; meanwhile, the free-market rate dropped by 100 VND per dollar despite the rising USD Index (DXY), which climbed to 104.36 points.

SSI Research: Positive Trade Negotiation Developments to Spur Market Recovery

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The SSI Securities Analysis Department's strategic report highlights the need for positive developments in trade negotiations to sustain the market's recovery momentum. The current blended P/E ratio remains low, and the estimated one-year market yield is attractive compared to deposit interest rates.