Shares climbed on Friday morning mainly thanks to a strong boost from brewery company Sabeco (SAB) as the State plans to divest its entire remaining capital in the firm.
As trading contracted due to weak cash flow, the local stock market ended in the red today, July 2, after managing to bounce back for just one session yesterday.
Shares failed to maintain upward trend on Thursday morning as large-caps weighed on indices.
Viet Nam’s benchmark VN-Index surged on Wednesday after a six-day losing streak as investor sentiment improved following solid data of PMI in June and steep cuts in interest rates of some banks.
Local shares advanced on Wednesday morning as financial and consumer staples sectors made big gains.
Vietnamese shares gave up gains to lose for a sixth straight day as abysmal market sentiment weighed on the large-cap sector in the afternoon trading session.