Market to bounce back after possible correction

Many investors started selling shares to book profits after the recent rise in the VN-Index. That may have caused the decline in the market Thursday.

But demand still remains strong as people expect the economy to get better in the coming months.

So, the decline is unlikely to last longer than five trading days or take the index below 400.

It is very likely that the VN-Index will go up again, to reach 450 in the first half of June.

Le Thi Hai Duong, brokerage manager at Hanoi-based BIDV Securities Co., a unit of Bank for Investment & Development of Vietnam.

thanhnien, bloomberg

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