Vietnamese retail companies are in pole position to seize the lion’s share of the market, especially after some foreign businesses have left the country.
Investors may want to brace for a bumpy trading week as the Vietnamese stock market is still vulnerable to the unpredictability of global shocks in geographic, political and economic conditions.
Vietnamese shares ended Friday almost flat as investors tried exiting the local stock market, preparing for the possibility of bad news ahead.
Vietnamese shares finished Wednesday on a positive note but growth narrowed at the end of the session as investors stayed alert and tried to keep away from potential risks.
After two years of operation, smaller securities firms in terms of market capitalisation have beaten big players in derivatives brokerage market share.
A quiet stock market in the first half of 2019 resulted in lower quarterly earnings for some large-cap securities companies, causing their shares to decline in the past two weeks.
Vietnamese shares made slight gains last week and the benchmark local index is expected to consolidate under the 1,000 point level before advancing, analysts said.
Selling pressure increased at the end of Monday’s session, affecting market sentiment and creating a big variation in large-cap prices.