Thanks to their good growth potential and attractive valuation, chemical stocks are being included in the portfolios of investors.
Shares gained on Friday, bolstered by the gains of large-cap stocks in the group of banking and real estate.
The market witnessed a downhill slide of blue chips in the last trading minutes on Wednesday, pulling down the VN-Index and putting the brakes on its six-session rallying streak.
Vietnamese markets extended gains and ended higher on Tuesday, thanks largely to sharp rises in banking, securities, oil and fertiliser shares.
Shares lost ground on Friday due to the sharp fall of pillar stocks and oil and gas stock group.
As prices of fertilisers keep soaring to the all-time high and showing no signs of cooling down, World Bank expected that the uptrend will continue next year.
The Vietnamese stock market’s valuation is equivalent to 18.2 times 2021’s profit and 14.3 times 2022’s profit forecast, said Fiin Trade, showing that the profit prospects for 2021 are reflected in share prices.
Việt Nam's stock market closed higher on Monday, boosted by gains of many large-cap stocks across all sectors.