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 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.
On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index plunged 22.83 points, equivalent to 1.82 per cent, to 1,231.81 points as the VN-Index witnessed its third consecutive day of significant s.
Investors are becoming increasingly concerned and hesitant in making investment decisions due to the current low level of market liquidity, which is at its lowest point in the past two months.