The local market has stalled in the last two weeks after the benchmark VN-Index on the Ho Chi Minh Stock Exchange climbed to a four-month high of 900 points on June 10.
Shares advanced on Monday on the two national stock exchanges after a from the disappointed conclusion of the Trump-Kim Summit last week as investors poured money on heavyweight stocks.
Vietnamese shares ended Friday on a positive note, driven by financial-banking and energy sectors as confidence was boosted by news on State capital divestment from State-owned businesses.
Vietnamese shares saw a rebound on Friday thanks to strong cash flow pouring into banking and securities sectors, but investors’ hesitation still makes the market momentum unsustainable.
Vietnamese shares nosedived on Thursday as investors remained pessimistic over the short-term market prospects while a bottom pickup near the day-end would not mean better sessions ahead for the stock market.