Shares lost rising momentum in the last trading minutes on Friday as divergence continued to expand to the whole market.
Thanks to their good growth potential and attractive valuation, chemical stocks are being included in the portfolios of investors.
Shares continued to slide in HCM City but recovered in Hà Nội on Wednesday as liquidity decreased on widening divergence.
Shares tumbled for a third day on Tuesday but the decrease narrowed on rising buying power, focusing on food & drink and banking industries.
The market continued the downward trend from the morning to end lower on Monday amid strong selling forces.
Market analysts forecast that the VN-Index will continue to be hampered and face the risk of weakening again in the short term.
Việt Nam’s stock market is still cheap at 11.5 times forward P/E and expectations of EPS growth of over 20 per cent this year compared to an average P/E of 16.2 for its emerging market ASEAN peers.
Vietnamese shares ended the week on a negative note, dragged by banking and securities stocks.