Shares eked out a gain on the Ho Chi Minh Stock Exchange on Tuesday thanks to strong growth of energy stocks but caution remains in face of selling pressure.
With a solid financial foundation, bright prospects in the medium and long term, stocks of renewable energy companies are attracting more and more investors.
Viet Nam’s benchmark VN Index marginally surpassed the record high of 1,170 points as energy stocks remained upbeat and insurers and agriculture firms performed strongly as well.
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.
Shares lost ground on Friday morning as large-cap stocks slipped. Energy stocks were among the biggest losers despite positive prospects of the oil industry after the agreement on production cut.