Modest growth of bank stocks on Thursday but failed to lift the VN-Index which declined for a third day under high selling pressure.
Executives from start-ups and small and medium-sized enterprises were in attendance at a conference titled “Access to capital for startups” in HCM City yesterday.
Shares moved in opposite directions on the two stock exchanges on Wednesday. Investors’ sentiment was fragile as worry swirled about the possibility of a deeper correction.
In the first eight months of the year Việt Nam attracted foreign investment worth more than US$23.36 billion, a year-on-year increase of 45.1 per cent.
Shares maintained the uptrend on the HCM Stock Exchange on Thursday but declined on the Hà Nội Stock Exchange.
Bank stocks cooled down on Wednesday but the benchmark VN-Index still hit a new 10-year peak at 802.78 points, equivalent to an increase of 0.36 per cent over the previous session.
Shares advanced on both local exchanges yesterday after a long weekend holiday, driven by large-cap stocks. However, trading conditions suggest rough sessions ahead for the markets.
Shares concluded the final week of August on a positive note on the HCM Stock Exchange, with the benchmark VN-Index expanding 0.76 per cent to close Friday at 788.73 points.
Shares rebounded slightly on the HCM Stock Exchange after a bearish session on Wednesday, propped up by strong growth of real estate and steel stocks.
VPBank Finance Company Ltd. (FE CREDIT) launched an exclusive feature, Fast Cash, Simply Text – Get Cash last week to provide first-time credit-card users with unprecedented convenience.