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Monthly Recap May 2017 - Money floods into Vietnamese equities, driving trading volume to record high

Strategy

05 Jun 2017

Investors in Vietnam ignored the old adage “sell in May and go away” as average daily trading volume surged to a record high of nearly USD260 million, far above the USD145 million seen in the Philippines. Positive macro-economic news, low YTD inflation of 0.37%, TPP-11 moving ahead, the visit of Vietnam’s Prime Minister to the US and improved outlooks from Moody’s and Fitch helped bolster market sentiment. Margin lending levels moved close to limits.

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