VN-Index to struggle at 1,060 points due to weak demand force

The VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) ended slightly higher on Friday at 1,059.31 points, up 1.02 points, or 0.1 per cent. However, on the Hà Nội Stock Exchange (HNX), the HNX-Index declined 0.89 points, or 0.42 per cent, to 209.95 points. The VN30-Index, which tracks the 30 biggest stocks on the southern exchange, dropped 1.54 points, or 0.15 per cent, to 1,053.72 points. The market’s benchmark VN-Index pared losses and inched higher on gains in some large-cap stocks. “Therefore, we still expect the VN-Index to form a medium-long term bottom of 950 points,” said SHS.