The market finished mixed in the last trading session of the week, with the VN-Index once again failing to breach the 1,400-point level.
Vietnam’s benchmark VN-Index gained 0.06 percent to 1,392.70 points Friday, continuing its sideways movement as investors keep watch near the 1,400 range.
The market inched higher on Friday morning as large-cap stocks rose.
The bad debt trading floor of Vietnam Asset Management Company (VAMC) is set to begin operation on October 15.
The market ended mixed on Thursday as some large-cap stocks lost further in the late session, causing the VN-Index to reverse the morning course. Meanwhile, foreign investment kept fleeing the market.
Shares inched higher on Thursday morning, supported by large-cap stocks in manufacturing and energy sectors.
The recent flourish of the stock market is pushing demand for margin loans, thus securities companies are preparing capital increases to meet the borrowing demand of investors.
Failing to overcome the psychological threshold of 1,400 points on Wednesday, the VN-Index dropped slightly, putting an end to its seven-day rising streak.
The market's benchmark indices gained slightly on Wednesday morning, but selling pressure remained.