Vietnam Stocks Break Out of Trading Range in Bullish Sign: Chart
(Bloomberg) -- Vietnam's stock index has risen for a seventh day to the highest level since March 2008, crossing the key 650 level. Khiem Do, the Hong Kong-based head of multi-asset strategy at Baring Asset Management, said last month the stock gauge needed to break out of its 2 1/2 year trading range of between 515 and 641. If it “breaks 650 on good volume, then that would be very bullish for the Vietnamese market.”
To contact the reporter on this story: Nguyen Kieu Giang in Hanoi at giang1@bloomberg.net. To contact the editors responsible for this story: Jeff Sutherland at jsutherlan13@bloomberg.net, Chan Tien Hin
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