Benchmark indices settled higher on Monday morning, backed by many large-cap stocks.
Vietnamese shares are forecast to continue their upward trend this week as profit-taking pressure is cooling down significantly.
Even though the Vietnamese derivatives market has been operating for five years, it has few products. Therefore, it is necessary to create new products to increase the market’s appeal, said experts.
Vietnamese shares finished the week higher, ending several days of sell-offs with a rebound fuelled by securities and steel stocks.
Indices ended lower on Thursday as stronger risk-off sentiment weighed on the market, with the VN-Index posting the second daily fall.
The VN-Index slipped on Wednesday after a two-day rally, ending at 1,256.50 points, down 0.19 per cent from Tuesday’s close, on rising profit-taking pressure.
Several deep and prolonged corrections in the stock market of late have caused many domestic securities companies to face heavy losses, after a phase of continuous profit-making. On the other hand, foreign securities companies are still reaping good profits due to lending activities.
The earnings growth of listed companies is predicted to pick up in the second half of the year in light of some favourable indicators, according to Maybank Securities' latest report on Vietnam Strategy.