Shares concluded the week on a negative note as investors remained cautious on the market outlook amid low volatility and constant net selling by foreign traders.
Vietnamese shares bounced back on Wednesday after two consecutive bearish sessions sending stocks down to attractive prices, thus triggering investors to bottom-fish.
Vietnamese shares sank again on Tuesday as large-cap stocks were hit by massive selling pressure, especially during the ATC session.
Healthy market growth during the weekend cannot conceal the fact that local stock markets are likely to remain quiet this week, amid an information-missing month in May and rising tensions throughout the globe.
Vietnamese shares rebounded on Friday as investors started hunting for stocks that had declined recently to more attractive price levels.
Vietnamese shares tumbled on Thursday as a lack of supportive business information dampened investor confidence in the market’s short-term growth potential.
The market seems to be finding its bottom soon, offering investors opportunities to accumulate stocks, helping the indices rebound from a drop last week.
Vietnamese shares saw a rebound on Friday thanks to strong cash flow pouring into banking and securities sectors, but investors’ hesitation still makes the market momentum unsustainable.
Shares tumbled on both national stock exchanges on Monday after an unexpected rebound last Friday, as investors feared a likely bull trap.
Vietnamese shares were dragged down by strong profit-taking pressure yesterday while investors remained cautious towards the current trading outlook.