Shares plummeted on Tuesday despite the growth of some major blue chips as negative information continued to weigh on small and medium cap stocks.
The benchmark VN-Index rose marginally on Thursday along with continued declining liquidity as investors withdrew money from the market ahead of the New Year holiday.
Shares tumbled on Wednesday following a three-day rising streak as investors reacted to the economic data released by the General Statistic Office.
Shares retreated on the Hồ Chí Minh Stock Exchange on Tuesday as selling pressure increased strongly towards the end of the session.
The VN-Index escaped from a fall after investors poured money into some heavyweight stocks, lifting the market.
Shares fell for a second day on Wednesday on the Hồ Chí Minh Stock Exchange with heavyweights like Vingroup’s stocks and banks behind this fall.
The VN-Index is expected to stay in a downtrend this week, but investment opportunities still exist as the bottom-catching cash flow has returned to some stocks that reached the bottom in July.
Surging trade at the close lifted the VN-Index despite most Asian shares slumping on Thursday.
Shares extended last week's gains, propped up by strong money flows in banks and securities companies, but foreign traders continued to sell out, posing risks to the short-term market.