Việt Nam’s benchmark VN-Index climbed to a 10-month high last week and the market rally will keep on going, experts and securities firms forecast.
The large-cap, mid-cap and small-cap trackers all declined on Tuesday with losses recorded between 0.45 per cent and 1.07 per cent.
Vietnamese shares made modest gains on Friday as strong growth of banks and tech firms neutralised increasing profit-taking pressure in consumer, retail and insurance stocks.
Shares rose on Wednesday thanks to a boost from heavy-weighed stocks, but selling pressure increased strongly at the end of the session narrowed the market rally.
Vietnamese shares rebounded on Monday as market sentiment remained positive, following a new decree released last week to cut tax for virus-hit businesses.
Việt Nam’s stock market rally may slow this week as investors eye profits but the one-month projection is still optimistic.