Shares recovered from early losses on Tuesday to inch upwards, marking the eighth consecutive gaining day as cash flow increased at the end of the session and pushed up many large-cap stocks.
Banks are pushing the sale of life insurance products (bancassurance) in the context of low credit growth since the beginning of this year due to the impacts of the COVID-19 pandemic.
Strong domestic purchasing is expected to keep Vietnamese shares upbeat this week, securities firms have forecast.
Mid-cap and small-cap stocks boosted the local market on Wednesday while the market sentiment was weighed down by the US presidential election debate.
Vietnamese shares wiped out early gains to collapse on Tuesday, dragged by banking, consumer and energy sectors on stronger profit taking.
Vietnamese shares rebounded on Monday as market sentiment remained positive, following a new decree released last week to cut tax for virus-hit businesses.
A total of 214 stocks listed on HoSE, or 55 per cent of the total, have still shown good performance despite the local market’s downturn.