Vietnamese shares posted a strong comeback on Friday after a slump on Thursday, thanks to strong cash flow poured into blue-chips especially during the ATC session.
Vietnamese shares fell for the first time on Thursday, due to increased selling pressure during the ATC session, dragging oil-gas and bank stocks down.
Vietnamese shares soared on Wednesday, the first trading day of the lunar year, thanks to positive sentiment among investors.
Việt Nam’s stock market is expected to rise further after the Tết (Lunar New Year) holiday and even throughout 2018, boosted by positive macro economic development as well as support of foreign traders.
Vietnamese shares posted a strong comeback on Monday after a two-day collapse, due to strong investor interest in large-cap stocks that led the market upturn on expectations of good earnings reports.
Shares are expected to move modestly in the coming two trading sessions as investors settle trading before the Tet (Lunar New Year) holiday, while concerns remain following recent turbulence in global markets.
Vietnamese shares recouped part of the week’s losses on Friday as the current massive sell-off across the stock market triggered investors to scoop up stocks at bargain prices.
Vietnamese shares declined on Thursday as investors showed little confidence amid the current volatility of the global markets and the sharp fall in crude prices.
Vietnamese shares posted a strong comeback on Wednesday as investors were calmed by market regulators and bottom-fishing was triggered for worst-hit companies during the previous two-day collapse.
Vietnamese shares underwent another strong decline on Tuesday as investor sentiment remained negative following the selloff that had spread across global markets.