Market Strategy Report

Stock market had positive growth in Q3 after a sharp plunge in Q2 as oil price rebounded, concerns over trade war temporarily cooled down, domestic inflation was kept under control and companies’ performances continued to grow considerably in Q2. Foreign investors returned to net sell in Q3 after net buying for 6 consecutive quarters with sales concentrating in July and August on real estate stocks such as VIC, VHM, VRE, and NVL… External risks maintained their great impact on the recovery trend of the market, including trade war, tightening monetary policy of large Central Banks, along with domestic risks such as inflation, exchange rate and prudent policy of SBV… However, thanks to the significant growth of companies’ performances and the recovery phase of the economy, Vnindex is forecast to keep rising and approaching the 1050-1080 zone in Q4.