The recent cut to the central bank’s benchmark interest rate may drive investors towards cash-dividend stocks as they look for higher yields.
Vietnamese shares bounced back on Wednesday thanks to the upbeat global mood as massive stimulus efforts injected optimism amid the rapid spread of COVID-19.
The benchmark VN-Index on the Hồ Chí Minh Stock Exchange lost 6.08 per cent to close at 666.59 points.
Vietnamese shares dived again on foreign selling despite efforts of central banks and governments efforts to stand against economic impact caused by the coronavirus pandemic.
Vietnamese shares retreated on Thursday as foreign investors maintained net-selling amid concerns over the coronavirus-hit global economy.
Vietnamese shares struggled to stay positive on Wednesday despite the prolonged foreign capital outflow amid worries about the coronavirus pandemic.