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 markets are forecast to experience some volatility with alternate corrections while moving upward next week, with strong support from heavy-weight stocks.
Vietnamese shares extended losses on Friday after foreign investors extended their net selling streak, further damping investor sentiment.
Unlike aviation companies, shares in Việt Nam’s sole airport operator Airports Corporation of Vietnam (ACV) are being widely seen as positive in the long run.
Shares cut early gains on Tuesday after a bout of profit-taking took large-caps prices lower, dragging down overall market.