Vietnam Daily Market Recap Apr 08

Stocks plunge in last hour of trading After two consecutive days of gains, the VN-Index traded lower by less than 1% for most of the day until the final trading hour, when the market plummeted nearly 60 points, or 4.7%…

Overwhelming purchasing power over the session The VN-Index rose 1.46% (+18.4 points) to close at its intra-day high of 1,276.6, with trading volume reaching more than VND17,000bn (US$0.71bn). The index also rose 1.71% for the week. The HNX-Index lost 2.27…

Foreigners buy Vietnamese stocks despite negative US inflation news The VN-Index gapped down by 8.7 pts at the open after US CPI for March was announced as slightly higher than expected (3.5% vs expected 3.4%). The index recovered in the…