Stock market – 1H2023 market recap.
- In the first half of 2023, Vietnam’s stock market witnessed the second-best return in the last eight years. 70% stocks witnessed positive YTD returns. The strong reversal of the stock market was driven by investor’s expectations about the macro-outlook as both global and local environments are favorable for the market.
- Small Cap index (24.59% YTD) and UPCOM index (+20.03% YTD), which includes speculative stocks, outperformed the others. Notably, VN Small Index is beyond the 5-years valuation range.
- Market liquidity improved gradually in the 1H2023, remarking a new stage of Vietnam stock market.
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