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Monthly Recap October 2016 - Market reaches fresh eight and a half year high but then quickly loses conviction

Strategy

02 Nov 2016

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.

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