Shares recovered on Thursday thanks to investors venturing back into bank and real estate shares along with soothed sentiment on hopes that Russia and Ukraine may start their third negotiation more seriously.
The State Securities Commission of Viet Nam (SSC) has recently successively issued decisions to sanction a series of individual investors relating to transactions of buying and selling shares of banks without disclosing information.
Vietnamese shares rose for four straight days on Thursday, bolstered by a significant injection of cash flow into banking and steel stocks, pushing up indices.
Bank stock prices have witnessed a dramatic increase since the end of March after plenty of banks announced positive first-quarter business results, as well as news on rising mergers and acquisitions (M&A).
Shares rebounded on Wednesday after a brief fall on Tuesday, boosted by energy and bank stocks on investors’ expectation of positive Q4 earnings from these companies.
Viet Nam’s Housing Development Bank (HD Bank) will be the fifth bank to list its shares on the country’s stock exchanges after VIB, Kienlongbank, VPBank and LienVietPostBank.