Shares shook sharply on Tuesday’s afternoon trade under increased profit-taking activity but still closed higher thanks to solid investor confidence in the market outlook.
Shares soared on both local markets on Thursday with the VN Index hitting a fresh 10-year high as investor confidence improved, pouring strong investment into all sectors and stocks.
Shares advanced further on both local exchanges as investors eagerly anticipated some companies’ sale of more shares to reduce the State’s capital holdings, and by the impacts of the APEC event last week.
Despite a strong rebound on Friday, Vietnamese shares are expected to remain sluggish this week given a lack of business information and market dependence on large-cap shares.
Large-cap companies continued to drive shares on the HCM Stock Exchange up yesterday, but analysts warned of market volatility over investor worries about the market’s dependence on blue chips.
Shares declined on the HCM Stock Exchange on Thursday as the market was hit by poor investor confidence due to a lack of supportive information and by intraday profit-taking.
The benchmark VN-Index hit a new 10-year peak on Friday after big money flowed into large-cap stocks on rising investor confidence in the market outlook.
Shares declined on the HCM Stock Exchange on Friday as investor confidence weakened towards the end of the session, resulting in the decline of large-cap stocks.
Shares declined on the HCM Stock Exchange on Wednesday as investors looked for short-term profits when the VN Index reached the intraday high of 831 points.
Shares rose strongly on the HCM Stock Exchange on Tuesday as investor confidence rose for companies that were expected to release good quarterly earnings reports.