Vietnamese shares retreated from an eight-day rally yesterday as investors looked to sell after the earnings season ended.
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.
Listed plastic companies have seen their market values expand 15-50 per cent in the last two months on low oil prices and increased consumption.
Vietnamese shares fell in the early minutes of the afternoon session on increased selling but quickly rebounded on bargain-hunting power.
Vietnamese shares wiped out early gains to collapse on Tuesday, dragged by banking, consumer and energy sectors on stronger profit taking.