Stocks at the end of the year may increase thanks to attractive valuations

VnExpress - VN Express - 17/07
Attractive valuations and the return of foreign investors are the driving forces that helped stocks end the year positively, while some experts worry that exchange rates and inflation could hinder the market.

Continuing the recovery momentum from November 2023, VN-Index remained green in the first half of this year. Despite the pressure of a short correction in April and a decrease of 1.3% in June, the HoSE index still increased more than 10% compared to the beginning of the year. This upward momentum is somewhat modest compared to major Asian markets and Wall Street (Nasdaq, S&P 500 increased 26.35% and 18.52%), but outperforms other frontier or emerging markets. - capital is being affected by net selling pressure from foreign investors.

"From macro to internal factors of the market, all show the possibility of stocks being more positive in the second half of the year," commented Mr. Nguyen The Minh, Director of Analysis of Yuanta Securities Company.

Similarly, the analysis team of many securities companies also "bet" that the market will expand its upward momentum. In the strategy report for the last 6 months of the year, SSI Research said it is inclined to the scenario of stock...
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