The VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) ended last week at 1,258.28 points, the highest close since September 6, 2022. For the week, the former gained 3.8 per cent while the latter added up 2.3 per cent. As a result, the VN-Index is likely to lack a clear direction and may be correct. From a medium- to long-term perspective, the stock market is trading within the upward movements of the accumulation channel. This indicates that the VN-Index is still on an upward trajectory and is likely to reach the 1,300-point level soon.

Source: Viet Nam News March 03, 2024 19:47 UTC