Continuing economic developments in this vibrant country has lifted the Vietnam equity market to a new 17-month high. The VN index of HOSE rose as high as 594.32 points before settling at 580.90 points. The 595 points level is a 38.2% Fibonacci level from the 2-year bear trend that started from the highest level in the index in March 2007 to the low in February 2009. The benchmark index rose 34.2 points or 6.2% since last month and has so far risen 146% from the low in February 2009.
The market trend is still strong upwards with the short to long term moving averages increasing. Click here for more and look for Market Insight
Decline of the ringgit: Amid strain on people, businesses, is there hope
for a rebound?
-
After the currency hit a 26-year low, is the only way up? The programme
Insight finds optimism and doubt in equal measure as it looks at factors
behind the...
12 hours ago
0 comments. Click here to post your comments:
Post a Comment
Click here to post your comments