Shares extended their gains on the nation's two exchanges on Thursday, with the banking sector leading the market following the news that the central bank would relax credit growth limits for some banks this year.
Shares fell at the last trading minutes on Tuesday, dragged down by slump of Vinamilk (VNM) and PV Gas (GAS), as investors remained sluggish amid rising escalation in the US-China trade war.
Việt Nam’s benchmark VN-Index bounced back on Friday after a three-day decline, driven by solid performance of Vingroup and its subsidiaries.
Việt Nam’s benchmark VN-Index advanced on Tuesday thanks to strong growth of large-cap stocks such as Vingroup (VIC) and its property arm Vinhomes (VHM).
Shares edged up in the last minutes on the Hồ Chí Minh Stock Exchange on Wednesday, pushed up by strong growth of heavyweight stocks like Vinamilk, Vincom Retail and Vietcombank.
Shares advanced across the two national stock exchanges on Monday, propped up by the growth of major industries. However, net selling by foreign investors may pose a risk to a longer uptrend.
Việt Nam was one of three countries added onto FTSE Russell’s watch list for a possible future upwards reclassification.
Many heavyweight stocks declined towards the end of the Wednesday’s session, driving down the Hồ Chí Minh Stock Exchange’s VN-Index for a second day.