Vietnamese shares advanced on Wednesday with the two main stock indices rising, largely on the strength of a handful of banking and energy blue-chips.
Vietnamese shares were mixed on Wednesday morning, with moderate trading liquidity being recorded on the two local exchanges.
Viet Nam’s major trading bourse Ho Chi Minh Stock Exchange (HoSE) has reported its pre-tax profit dropped by almost half year-on-year to VND200 billion (US$8.6 million).
Shares gained further on Tuesday thanks to buying focusing on some individual blue-chips.
Vietnamese shares rose thanks to the positive movements of banking and energy stocks.
Shares narrowed gains towards the end of the trading session on Monday but still managed to post slight gains, witnessing a large divergence among large-caps.
Shares declined towards the end of the trading session on Monday morning but still managed to post slight gains after banking stocks cooled down.
Investors may want to brace for a bumpy trading week as the Vietnamese stock market is still vulnerable to the unpredictability of global shocks in geographic, political and economic conditions.