Vietnamese shares made modest gains on Friday as strong growth of banks and tech firms neutralised increasing profit-taking pressure in consumer, retail and insurance stocks.
Brokerages are maintaining a positive outlook for the markets this week with a strong domestic cash flow still pouring in.
Shares ended this week on a positive note as an unexpected buying force surged at the end of Friday trading, pushing up a series of large-cap stocks and this helped the indices to rise above the reference levels.
Shares ended on a negative note on Thursday due to profit-taking pressure dumping a series of large-cap stocks.
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 shares wiped out early gains to collapse on Tuesday, dragged by banking, consumer and energy sectors on stronger profit taking.
Shares struggled to stay positive on Friday with the large-caps experiencing strong volatility but cash flow pouring into industrial real estate stocks still spurred the market’s uptrend.