Monthly Recap October 2016 - Market reaches fresh eight and a half year high but then quickly loses conviction
  • 2016-11-02T19:19:07
  • Strategy
Q3 earnings results failed to maintain investor confidence as market gave up all of its gains for the month. The VN-Index moved sideways within a range of 670-690 during the month, but was more inclined to a slight downtrend, finishing October at 675.8, down 1.45% from the end of September. Vietnam’s equity market incurred a MoM decrease for the first time since January 2016, triggered by Q3 results which failed to maintain investor conviction and prompted some profit taking.