Prime Minister Nguyen Tan Dung struck the gong symbolizing the opening of the first trading session of the Year of the Goat at the Hanoi Stock Exchange on February 24, the sixth day of the Lunar New Year.
The Hanoi Stock Exchange (HNX) predicted that February would be a busy month for State-owned enterprises (SOEs) to sell shares via initial public offerings (IPO) and pull funds out of non-core businesses.
Brokerages have played up investors’ expectations about an uptick of the local stock market this week after the VN-Index beat the resistance level of 580 points and the HNX-Index surpassed 86 points on increasing liquidity last Friday.
Unexpected events in and outside Vietnam led the local stock market to fluctuate strongly last year, and Maybank Kim Eng Securities Company said the market passed through four main periods of volatility.
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