Outstanding performance of financial-banking and petroleum stocks that helped Việt Nam’s benchmark VN-Index re-take the 1,000-point level is expected to continue in the last week of September despite some caution about the US central bank’s Fed meeting on raising interest rates.
The State Securities Commission (SSC) will enhance the quality of securities firms by shutting down and revoking licences of financially-weak companies to ensure the sector is healthy.
Vietnamese shares edged up slightly on Wednesday afternoon as investors tried to lock in profits after the benchmark VN-Index surpassed the 1,000-point level, before falling back.
Vietnamese shares gained steadily on Thursday, driven by positive investor confidence that lifted financial-banking and energy stocks.
Shares on the two local bourses struggled to maintain last week’s upward trend, marking just a slight gain on Monday and experiencing strong volatility as investor caution still lingered following the latest update on China-US trade tension.
Việt Nam’s benchmark VN Index fell for a fourth straight session, dragged down by large-cap stocks amid investors’ worries over the market short term prospects and international trade news.
Việt Nam’s benchmark VN Index fell for a third straight session on Wednesday, following other Asian markets, as investor confidence hit the floor with worries over the trade tension between China and the US.
Vietnamese shares ended lower on Tuesday as investors showed caution over possibilities of a strong market’s correction after it had failed to beat the 1,000-point landmark
Việt Nam’s benchmark VN Index declined on Wednesday as selling pressure increased after the index approached its old peak of 1,000 points.
The exciting movement of the market on Monday morning was extinguished by selling pressure increasing in the afternoon, affecting many large-cap stocks.