Vietnam shares tipped to continue extending gains on
local buying amid rising inflows as more players move away from dollar savingsto enter stock market after major banks cap interest rates for dollar funds at 1.5% from June. “After strong gains in recent days, it’s reasonable to have profit-taking in select stocks, but because putting money in shares is expected to generate higher returns (than savings in banks), I think buying appetite will continue and the key index is forecast to hit 460 soon,” says trader; tips index in 450-455 range today after ending +3.3% at 440.56 yesterday.
Vietnam shares
March 16th, 2009 — Currency News, Global Economic News