Persistent foreign selling and sharp losses in property shares dragged the VN-Index lower on Wednesday, despite stronger trading activity and gains in energy stocks.
Việt Nam’s benchmark VN-Index climbs back above 1,800 points for the first time since early March, driven by property stocks, though weak breadth and foreign outflows signal lingering caution.
Vietnamese shares fell after two sessions of gains as banking and securities stocks declined, while the VN-Index closed below 1,710 amid volatile trading.
Vietnamese stocks rebounded on Monday as strong gains in banking and materials shares helped lift the VN-Index nearly 24 points, recovering part of the losses after last week’s historic market sell-off.
In the first-quarter report, KB Vietnam Securities (KBSV) estimated that the new system would boost the average daily trading value of the VN-Index by 30-70 per cent compared to the recent five-year average liquidity.