Vietnam Stock Market in Early Stage of Bullish Run: Au Viet Securities
Vietnam stock market is now in an early stage of a bull-run, supported by positive macro economic data, higher volume and prices, the performance of listed firms and traders’ positive sentiment, Au Viet Securities said in its recent report.
The economy is showing positive signs, including stable interest rates, estimated GDP growth rate at 5.7%- 5.9% in the first quarter, and the government’s measures to curb inflation, the broker said.
Since early March, the trading volume has risen by 68% while the market has grown 5.8% compared to February.
Listed companies will hold general shareholders’ meetings in March to release their estimated first-quarter results, targets for 2010, which will give investors a clearer picture of their performances.
Investors have been more confident about the uptrend, resulting in higher buying interests in the past sessions, possibly with financial leverage.
The report also mentioned higher liquidity among banks, the central bank’s permission to negotiable interest rates as supportive factors for the stock market as it increases money inflows. (stox.vn)
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