Billions of banking stocks are about to flood the market with banks planning to pay stock dividends and issue new shares to raise their charter capital.
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.
Vietnamese shares extended losses on Friday after foreign investors extended their net selling streak, further damping investor sentiment.