Illustrative photo (Photo: vietnamnet.vn)Hanoi (VNS/VNA) - The Vietnamese stock market is expected to trade positively in July thanks to the second quarter optimistic business results, said insiders. The Viet Dragon Securities Corporation (VDSC) said that the second quarter results will continue to be positive, following improved economic and credit growth since the end of March. The index's price chart has not yet been able to break through the key psychological resistance level of 1,300 points. Additionally, positive macro-economic data and second quarter growth reported by listed companies are also expected to bolster the market's upward momentum in July. This consolidation phase in July is seen as preparing the ground for a sustainable upward move above 1,300 points later this year.

Source: VietNamNet News July 16, 2024 12:13 UTC