Shares fell on Monday morning as rising selling pressure continued to weigh on the market.
The Vn-Index would move on to the next resistance zone of 1,375-1,380 if it can hold on to the 1,350-mark this week.
Recent volatility on the global market has raised cautiousness among market experts about Viet Nam’s stock market movement this week.
Vietnam’s benchmark VN-Index dropped 0.12 percent to 1,351.17 points Friday, continuing its sideways movement as investors remain reluctant about new purchases.
Unlike other financial services like banks and securities, insurance stocks haven’t recorded significant gains despite positive business results and a bright growth outlook.
The market ended mixed on Friday morning as early gains were capped by surging selling pressure in some large-cap stocks.
The State Securities Commission of Viet Nam (SSC) said that it is implementing strict supervision and inspection measures to clarify abnormal signs in the market, especially stock manipulation cases.
Shares narrowed gains towards the end of the trading session on Thursday but still managed to post slight gains, witnessing a large divergence among large-caps.
Vietnam’s benchmark VN-Index rose 0.15 percent to 1,352.76 points Thursday, the highest in five weeks, with a double-digit rise in trading value.
The ongoing COVID-19 outbreak is showing more positive signs, with higher vaccination rates and a decline in the number of new infections, raising hopes for businesses of a return to normality and providing support for the stock market.