Market Recap June 2020 - Trading volume reaches highest level since May 2018
  • 2020-07-02T20:49:29
  • Strategy
Profit-taking caused the VN-Index to retreat in June. After surging more than 30% through April and May, the VN-Index (VNI) continued its upward trend through June 10, supported by signs of a returning bull market in the US and the approval of the EVFTA/IPA by Vietnam’s National Assembly. However, selling pressure from profit-taking increased as the VNI moved closer to perceived resistance levels of 910-915 and global markets retreated, causing the VNI to decline sharply to 832.47 by mid-June.