Viet Nam's stock market settled higher on the last trading session of the week as stocks in all sectors recovered from recent losses.
Shares plunged on Thursday as selling pressure continued to weigh the market sentiment.
Shares reversed morning losses and recovered in Wednesday’s afternoon session after a two-day fall, propped up by growth of – again – banking and securities stocks.
The market settled down in Tuesday's trade, weighed by selling pressure as shares hit highs recently.
Heavy profit-taking pressure put a brake on the recent winning stretch for Việt Nam’s stock market on Monday while oil shares bucked the trend, driven by rising prices in the world market.
Cash flow will continue to help the stock market rise to new heights, but it was time for investors to focus on risk management, brokerages said.
Interest rates on the interbank market have been rising relentlessly, with the overnight interest ratebeing hiked five timesin less than a month.