Shares made good gains on Tuesday thanks to the push from banking stocks.
The market experienced an uneventful trading day Monday with sideways movements and slight fluctuations among declining liquidity.
Shares could rebound next week following recent sharp falls that have triggered investors to bottom fish, but fluctuations can be expected.
It may take Việt Nam two years to get upgraded to emerging market level from the current frontier market classification, VNDirect Securities Corporation said in its 2020 outlook.
Việt Nam’s stock market fell on Wednesday in line with global markets on increasing investor caution over conflict between the US and Iran.
Shares rebounded on Tuesday, fueled by the advancement of banking stocks.
Petroleum stocks gained ground thanks to rising global oil prices but could not rescue market from falling, strongly hit by selling demand.
The slump of banking stocks caused VN-Index to drop below the reference level in the at-the-close (ATC) session on Friday.
Trade improved in the afternoon session and concluded the first session of 2020 on a positive note on the two national stock exchanges.