Vietnamese shares added value nationwide in the last trading session of the week but suffered low liquidity, as oil and bank shares took the spotlight in spite of previous steep declines.
Local markets are set to feature lots of foreign trading again this week, with foreign investors’ taste likely to change market sentiment after foreign selling pressure had weighed down the stock market for the last two months.
Shares retreated on Thursday on the nation’s stock exchanges, reversing from Wednesday’s unexpected rebound.
Shares underperformed on Monday as money continued to withdraw from the market in face of a downtrend.
Profit-taking intensified during yesterday afternoon trading, dragging shares down on both national stock exchanges and making market liquidity plunge.
Vietnamese shares had a good start on Monday with two main stock indices rising, but low liquidity and constant net selling by foreign traders remained an obstacle for a stable uptrend.
Vietnamese shares ended Tuesday on a negative note as investors tried to take profit from the market’s previous strong gains made in the first trading session of the week.
Vietnamese shares struggled to rise on Tuesday as bank stocks made gains, but investor confidence remained weak with low liquidity as the market showed no supportive information.
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.