Market forecast to inch higher this week


Better mood: People visiting a market in Hanoi. A decline of 8% for fuel prices over the past month has helped cool inflation. — Bloomberg

HANOI: Recent positive developments in exchange rates and the price of oil have improved investor sentiment, with strong capital inflows into the domestic stock market driving benchmark indices higher, say insiders.

On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index closed last week at 1,273.1 points and the HNX-Index on the Hanoi Stock Exchange (HNX) was last traded at 241.5 points.

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