Việt Nam’s benchmark VN-Index closed above 1,000 points for the first time in one year as banks’ growth helped offset the increase of selling pressure.
Việt Nam’s smartphone market is seeing a number of new names this year, besides Samsung, Oppo and Apple which have been dominant in the market for many years.
Vietnamese shares inched up on Wednesday as the strong gains of energy, utilities and retail sectors countered the enhancement of profit taking.
The VN-Index ended lower on Thursday, ending a four-session winning streak as the market struggled amid anxious sentiment about the prolonged US election.
Shares expanded growth on Wednesday thanks to the flourishing of heavy-weighted stocks, amid global anxiety as the world awaited definitive results from the US presidential election.
The Vietnamese stock market closed higher on Tuesday with the VN-Index posting slimmer gains on the eve of the US presidential election, as investors braced for market turbulence this week.
Shares made good gains on Monday thanks to cheery market sentiment, in contrast to global market caution over the looming US presidential election.