Shares bounced back on Wednesday as large-cap stocks, especially financial stocks, recovered on investors’ optimism about the market outlook.
Vietnamese stock indices are expected to remain upbeat during upcoming trading sessions thanks to strong investor confidence and a shift in investment among local stocks.
Shares rose on both local exchanges on Friday, boosted by big gains for brokerage and energy companies.
Shares fell on both local exchanges on Thursday, as investor confidence was weakened by negative global market trends and investors continued to seek short-term profits.
Shares picked up in both local markets yesterday as investor confidence turned positive after a meeting between the Prime Minister and local businesses.
Việt Nam’s benchmark VN-Index is expected to rise further this week and meet a strong test to get past the level of 730 points.
Party General Secretary Nguyễn Phú Trọng met on Saturday with constituents in the capital city’s districts of Ba Đình, Tây Hồ and Hoàn Kiếm in preparation for the third session of the 14th National Assembly (NA).
Shares advanced in both local markets on Friday, driven by property developers and energy companies.
Shares dropped on both local markets on Monday as investors switched investments from large-cap stocks to mid- and small-cap ones, putting blue chips into negative territory.
Vietnamese stock indices may rise further and test their resistance levels this week on higher investor confidence, bolstered by positive developments in global political conditions and good earnings reports.