Vietnamese shares gained narrowly as investors took use of intra-day growth to stave off risks and foreign investors remained net sellers.
Investors may keep betting on bank stocks this week, securities firms said, but selling pressure may weigh on the market’s overall performance as local stocks are considered as being overbought in recent days.
The US government partial shutdown was set to stretch deep into next week after legislators failed on Thursday to make a breakthrough in the row over President Donald Trump's demand for a US-Mexico border wall.
After bargain hunting failed to lift the stock market last week, investors turned cautious on Monday and pushed Việt Nam’s benchmark VN-Index lower for the eighth straight session.
Việt Nam’s benchmark VN Index recovered from Monday’s decline with a robust increase in trading liquidity amid heavy profit-taking pressure.
Vietnamese shares edged down Monday as profit-taking pressure rose in final minutes bringing stocks down, despite growth in the petroleum sectors.