Although Vingroup (VIC) shares unexpectedly tumbled in the final minutes, Việt Nam’s stock market still ended in positive territory, supported by robust gains in banking stocks.
Analysts note that in the short term, Việt Nam''s stock market is struggling to break through due to a lack of consensus around the psychological resistance level of 1,300 for the VN-Index.
On the Hồ Chí Minh Stock Exchange (HoSE), the benchmark VN-Index rose by 2.03 points, or 0.16 per cent, to close at 1,288.39 points, recording its fourth consecutive gain.
The VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) closed the day at 1,269.93 points, down 0.67 points, or 0.05 per cent, extending its losing streak to a fourth consecutive day.
A significant downturn in the afternoon caused both major stock indices to on Thursday, with blue-chip stocks experiencing substantial declines and recovery efforts falling short.
In a positive scenario, experts believe that the VN-Index will experience fluctuations while continuing to test the 1,300-point range next week, supported by the movement of large-cap stocks.