Shares closed the week’s trades down on the two stock exchanges on rising investor caution about a steeper decline without support information.
The benchmark VN-Index is expected to peak 732 points again, which was seen one month ago, in the back of strong buys by foreign investors as well as positive economic indicators, analysts have forecast.
The benchmark VN-Index continued to rise yesterday but on a slower pace as investors were worried about a possible correction.
Shares rose slightly for a second day on the two national exchanges yesterday, driven by energy and rubber stocks which have benefited from sharp price rises in the global markets.
Shares declined yesterday after a two-day rise as large-cap stocks, led by oil and gas stock, lost steam due to negative earnings as well as volatile oil prices.