04/01/2021 - 08:44
Weekly Wrap: Signs of overheating?
The VNI closed out the final, holiday-shortened week of 2020 with yet another 1.8% WoW gain to reach 1104 points, beating our full-year target by a round 10% and closing in on our end-April target of 1150. Domestic-driven liquidity has been persistently strong, even if turnover slowed slightly last week (which we would have anticipated given the holiday). The market may continue rallying into January, but we would pay attention to signs of potential overheating, especially if foreign institutional investors fail to re-emerge as net buyers.
Index, Flows
