Vietnamplus

Shares recovered from morning losses on August 16, with large-cap stocks, especially steel and fertiliser shares, leading the way.

Shares declined on August 15 after a brief recovery in the previous session when a number of heavyweight shares sank into the red on fragile investor confidence.

Shares rebounded on August 14 after four consecutive downturns on the two national stock exchanges last week, boosted by recovery of large-cap stocks.

Vietnamese shares extended losses for a fourth session on August 11, the last working of the week, as investors acted cautiously following the market’s recent downturn.

Vietnamese shares extended losses for a third straight session on August 10 but investor confidence showed signs of improvement after being brought down by false news and global tension.

Vietnamese shares tumbled on August 9 on both local markets as investors triggered large-scale sell-offs following rising tensions between the US and the Democratic People’s Republic of Korea and false news about the arrest of a former banker.

Vietnamese shares fell slightly on both local markets on August 8 as investors tried to take profits from the exchanges’ three-day rallies.

Vietnam’s booming stock market, recognised as one of the best performers in the world, has raised the value of many securities firms.

Vietnamese shares extended gains on August 7 for a third session as positive investor confidence lifted sectors such as energy and banking-finance industries and several individual large-cap stocks.

Shares continued rising in early August but observers are predicting a slowdown in the short term as shares have become expensive and exposed to profit-taking risk.

The benchmark VN-Index failed to conquer the short-term resistance point of 790 for a second day on August 4, dragged down by bank stocks, while growth of many large-cap stocks supported the market.

Shares slowed growth in August 3 afternoon trade on rising investor caution when the benchmark VN-Index touched short-term resistance.

Information technology group FPT Corporation (FPT) has announced it will reduce its ownership in its retail arm FPT Technology Production Distribution and Retail to below 50 percent.

Shares recorded unexpected downturn on August 2 afternoon following concerns over the detainment of two ex-bankers.

Shares rose stronger in July 31 afternoon trading as bank stocks accelerated their growth on the back of positive first-half business earnings.

While stocks are set to rise this week, concerns remain as listed companies are about to finish releasing their second-quarter earnings reports, putting the market in a period where there is not much information forthcoming, analysts say.

Vietnam’s benchmark VN Index retreated from a two-day increase as large-cap stocks were brought down by profit-taking pressure.

Vietnamese shares rose for a second session on July 26 on both local exchanges with investors picking up stocks on expectations of future market prospects.

Vietnamese shares bounced back from a three-day losing streak on July 25 as investor confidence rebounded on banks’ six-month results and a lower chance of margin-call risk.

Vietnamese shares fell for a third session in both local markets on July 24, driven down by securities firms, energy companies and property developers.