Viet Nam’s benchmark VN-Index bounced back on Friday after a three-day decline, driven by solid performance of Vingroup and its subsidiaries.
Shares recovered on Friday morning after three straight declining sessions as cash flow returned to the market, pouring into blue-chips.
Vietnamese shares declined for a third session on Thursday as the market reversed quickly at the end of the trading session, dragged down by blue chips in the banking and energy sectors.
Shares traded marginally on low liquidity on Thursday morning as investors remained cautious despite the US Federal Reserve’s decision to halt projections for any interest rate hikes.
The VN-Index managed to keep its head above the 1,000-point level on Wednesday despite selling pressure that pushed it below the benchmark during trading.
Shares extended losses during Wednesday morning trading, with blue-chips hit hard during the session.