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IN BRIEF: Vietnam Holding expects positive market momentum to continue

14th Sep 2023 18:12

VietNam Holding Ltd - investment trust which invests in high-growth companies in Vietnam - Issues monthly investor report. Notes despite stock fluctuations throughout the month, Vietnam's equity market stood out compared with global bourses, which as a whole saw their second worst month of the year. Points out technology and financial services were Vietnam's top performing sectors, though industrials, consumer, and real estate also extended strong gains. Expects this positive momentum in the broader market to carry on given the continued low interest rate environment and improving company earnings for upcoming quarters. Says although valuations have risen this year, this is offset by a positive outlook for earning's growth through the rest of 2023 and into 2024.

Current stock price: 318.00 pence

12-month change: down 3.9%

By Jeremy Cutler, Alliance News reporter

Comments and questions to [email protected]

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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