16/11/2020 - 10:44
Weekly Wrap: History rhymes, sometimes
The VNI had another solid week, rising by 3% to reach a closing high of 966 on Nov 13. This was a post-Tet high and leaves just 3.5% upside to our 1000-point index target for 2020. The mainboard again underperformed stronger weekly gains of 4-8% in the main ASEAN markets (in USD terms) but average daily turnover surged 32% to reach US$389mn. Domestic individuals opened another 37K trading accounts in October, bringing newly opened trading accounts in the first 10 months of 2020 to a record 291K (+81% YoY).
