Shares retreated on the two national stock exchanges as investors booked
Shares edged down on Tuesday morning, driven by losses of banks and oil companies.
The VN-Index tapered its gains to 0.2 per cent to close yesterday’s trade at 723.5 points on investor fears of a downward correction after the benchmark index reached a fresh ten-year high.
The benchmark VN Index rose by 0.4 per cent on Monday morning to close at 724.7 points, as financial and property stocks gained value.
Vietnamese shares will continue to rise this week, according to securities analysts and brokerage companies, as foreign investors buy local assets. Positive first-quarter earnings reports and macroeconomic indicators to be released soon are also expected to influence this trend.
The VN Sustainability Index (VNSI) will make its debut in July to evaluate the sustainability performance of companies listed on the stock market of Viet Nam.
Vietnamese shares rose on Thursday after sliding in the previous session, driven by large-cap stocks on high investor confidence.
Finance-banking stocks were the most important factor that lifted Vietnamese shares again on the two local exchanges on Friday morning.