Analysts at MB Securities and Yuanta Securities reckoned Wednesday’s rally is a short-termed rebound.
The recent cut to the central bank’s benchmark interest rate may drive investors towards cash-dividend stocks as they look for higher yields.
Shares gained for three consecutive sessions on Friday, retracing some of the early week’s losses despite the record 10-year low GDP growth released during the day.
Shares extended gains on Friday morning, retracing some of early week’s losses as large-caps gained ground.
Shares struggled to stay positive on Thursday, digesting the previous session's huge rebound as investors were still concerned about the lasting economic impact from the COVID-19 pandemic.