Việt Nam News

Shares declined for a third day this week with the VN-Index piercing the May-bottom, risking a further slump due to negative investor sentiment.

Amid the market's downward movement, most investment funds in Việt Nam recorded negative performance in the first six months of this year.

Vietnamese shares were ending a rough quarter in a sombre mood on Thursday amid increasing selling pressure which caused the VN-Index retreating from the 1200-point landmark.

The market closed largely unchanged on Wednesday as bullish and bearish sentiments entered a tug-of-war.

Vietnamese shares rose on Wednesday, propped up by a slew of banking and energy stocks.

The stock market fell for a third week in the row, but the benchmark remained at the previous bottom of 1,150-1,160 points. Experts said that this is a positive signal helping strengthen investors’ sentiment this week. 

The market continued the downward trend from the morning to end lower on Monday amid strong selling forces.

Shares started the week on a negative note, hammered by losses in multiple sectors facing strong correction pressure during the trading time.

The report was conducted from an objective, scientific and independent research, based on the selection of qualified companies to rank according to four indicators - sales, profits, assets, and minimum market capitalisation of VNĐ500 billion (US$21.6 million) as of April 29.

Vietnamese shares settled lower on Friday, dragged by banking and securities stocks.

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