The VN-Index continued its decline, accompanied by significant net selling by foreign investors throughout the past week, indicating persistent pessimism in the market.
Analysts from securities companies said that there is still room for VN-Index to increase this week but the index''s gaining momentum will somewhat be narrowed.
Analysts from securities companies are optimistic about stock market movement during the first trading week of this year and betting the positive trend will continue.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange gained for a sixth straight session on Monday, up 0.68 per cent to close trading at 794.97 points.
Shares continue to advance on Tuesday but receded from Monday’s peak due to prolonged foreign net selling amid fears of a slowdown in the global economy.