Vietnamese shares traded marginally on Friday as market sentiment was weighed down by the upcoming Tết holiday and the lack of supportive information on the international markets.
Vietnamese shares were dragged down by strong profit-taking pressure yesterday while investors remained cautious towards the current trading outlook.
Vietnamese shares rose for a third session on both local markets on Friday, boosted by financials, energy firms and property developers.
Vietnamese shares extended gains on Monday for a third session as positive investor confidence lifted sectors such as energy and banking-finance industries and several individual large-cap stocks.
Việt Nam’s booming stock market, recognised as one of the best performers in the world, has raised the value of many securities firms.
Vietnamese shares rose on both local exchanges on Friday, led by the finance-banking sector after Asia Commercial Bank released its second-quarter earnings report.
The benchmark VN-Index surpassed the short-term resistance of 780 points on Thursday, closing up 0.56 per cent at 782.65 points, thanks to strong investor confidence in the market outlook.
The share market is set to remain positive this week, but trading could prove to be bouncy for lack of supporting business information, experts say.