Vietnamese shares posted the second biggest gain in the last month following the Government’s intention to block the spread of coronavirus across the country.
The Ministry of Industry and Trade has called for allowing all foreign investors to further participate in the petroleum retail market.
Industrial real estate stocks soared on Monday but their gains were not enough to cushion the market, overclouded by a cautious market sentiment.
The Việt Nam National Petroleum Group (Petrolimex or PLX) forecast a drop in both revenue and profit this year due to the decline in demand amid the COVID-19 pandemic.
The benchmark VN-Index on the Hồ Chí Minh Stock Exchange dropped 0.31 per cent to end this week at 851.98 points.
As economies are being ravaged by the pandemic COVID-19, local companies are trying to secure cash to prepare for a rough period ahead
The market trading condition turned very bad at the end of the day with total 312 stocks declining on the southern bourse while 82 increased