Việt Nam’s benchmark VN-Index reached a 10-year high last week on the back of a few blue chips. However, the gain was unstable and the index could face a short-term drop in the coming sessions.
Shares rose further on both local exchanges on Thursday, boosted by some large-cap stocks, while market trading liquidity showed little improvement to strengthen investor confidence.
Vietnamese shares struggled to extend gains on both local exchanges yesterday, weighed down by low investor confidence.
Both stock indices advanced on Monday while investors are pouring money in speculative stocks to seek short-term profits.
Việt Nam’s benchmark VN Index extended its loss for a second straight session on Tuesday as investors remained pessimistic over trading conditions.
Việt Nam’s benchmark VN Index remained fragile on Monday, losing its positive momentum as investors remained cautious over the current market downtrend.
Shares declined on Tuesday after a brief recovery in the previous session when a number of heavyweight shares sank into the red on fragile investor confidence.
Vietnamese shares have had a rough losing week and the next five trading sessions at least are likely to trade negatively, according to analysts and brokerage companies.
Vietnamese shares extended losses for a fourth session on Friday as investors acted cautiously following the market’s recent downturn.
Vietnamese shares extended losses for a third straight session on Thursday but investor confidence showed signs of improvement after being brought down by false news and global tension.