Việt Nam’s benchmark VN-Index closed above 1,000 points for the first time in one year as banks’ growth helped offset the increase of selling pressure.
Aviation stocks were the stand out on Tuesday following news of the development of a coronavirus vaccine.
Shares expanded growth on Wednesday thanks to the flourishing of heavy-weighted stocks, amid global anxiety as the world awaited definitive results from the US presidential election.
The market trading turned volatile after a new storm had reportedly landed the central region of Việt Nam.
Brokerages are maintaining a positive outlook for the markets this week with a strong domestic cash flow still pouring in.
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.
Vietnamese markets are forecast to experience some volatility with alternate corrections while moving upward next week, with strong support from heavy-weight stocks.