23/11/2020 - 09:23
Weekly Wrap: Pushing up against 1000 points
Market momentum remained strong last week, with the VNI posting a 2.5% week-on-week gain to reach 990 points on Friday, just shy of our 1000-point target for 2020. We would not be surprised to see some consolidation around that level. But volumes remain strong and foreign investors were net buyers of the market, implying upside risk to our target in the last six weeks of the year. In addition, we noticed that the volatility surrounding monthly futures expiration (the third Thursday effect) is no longer as obvious as it used to be.
