Vietnamese shares gave up on a four-day rally on Thursday as large-cap companies were hit by profit taking while regional markets declined on Fed meeting.
Vietnamese shares curbed their gains on Tuesday as selling increased when the benchmark VN-Index approached the 900-point level.
Shares ended lower on Wednesday due to selling pressure pushing large cap stocks down but bottom purchase demand increased towards the end of trading helped narrow market’s decline.
The VN-Index snapped a five-trading day gaining streak on Friday as many investors decided to cash in on stocks which had rallied substantially in recent days.
Vietnamese shares rose to a three-month high on Thursday after taking the single-day national holiday break as market sentiment soared to drive large-cap stocks up.
Shares failed to maintain their rally on Tuesday with the market experiencing strong volatility with big variation in large-caps' prices.