Shares concluded the week on a negative note as investors remained cautious on the market outlook amid low volatility and constant net selling by foreign traders.
Shares retreated on Thursday on the nation’s stock exchanges, reversing from Wednesday’s unexpected rebound.
Vietnamese shares bounced back on Wednesday after two consecutive bearish sessions sending stocks down to attractive prices, thus triggering investors to bottom-fish.
Vietnamese shares sank again on Tuesday as large-cap stocks were hit by massive selling pressure, especially during the ATC session.
Shares underperformed on Monday as money continued to withdraw from the market in face of a downtrend.
Vietnamese stock markets will likely remain gloomy in the coming week as investors could maintain poor confidence amid the volatility of the market, thus keeping overall liquidity low and too weak for a market’s short-term comeback.
Shares rebounded on Friday as large-cap stocks returned to positive territory following the index's two-day decline.
Shares plummeted on tumbled for the second session in a row on Thursday as strong selling pressure hit many large-caps during most time of the trading session and turned stronger in the last minutes.
Profit-taking intensified during yesterday afternoon trading, dragging shares down on both national stock exchanges and making market liquidity plunge.
MSCI, a global leading provider of research-based indexes and analytics, has eyes for Vietnamese shares when it added five local shares to its MSCI Frontier Markets Small Cap Index.