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.
Vietnamese shares advanced on Friday, driven by strong investors’ purchases for stocks that had fallen in the previous four sessions.
Shares rose for a second day on Friday on the two national stock exchanges as investors increased bargain hunting for large-cap stocks after the steep decline since mid-April.
Vietnamese shares recovered on Tuesday as blue chips performed well on bottom-fishing following sharp falls previously.
Vietnamese shares gained strongly after a strong decline the previous day switched on bargain-hunting mode among investors, lifting almost 20 sectors on the market.
Việt Nam’s benchmark VN-Index fell slightly on Tuesday, covering part of losses made in intraday trading as investors hunted for low-priced stocks.