Analysts split on market trends this week

04/05/2021 07:17 9

Analysts split on market trends this week

HÀ NỘI — Việt Nam’s stock market recorded strong fluctuations last week, but the VN-Index still gained overall.

With negative market breadth but higher liquidity, some analysts from securities firms expect the market to stay bullish while others said a downward trend might dominate going forward.

Meanwhile, gas and oil stocks posted the biggest losses, down 4.5 per cent with big stocks falling more than 6 per cent, such as PetroVietnam Drilling & Well Services Corporation (PVD) down 6.2 per cent, Binh Son Refining and Petrochemical Company Limited (BSR) down 7.8 per cent and PetroVietnam Technical Services Corporation (PVS) falling 9.4 per cent. VNS

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