Shares extended rallies on Tuesday, pulling the VN-Index close to the threshold of 1,240 points, while foreign investors continued to pour capital into the domestic market.

The stock market inched higher on Monday, recouping some of the big losses set in the last session, as sentiment of both domestic and foreign investors improved.

Vietnam’s push to upgrade its stock market this year hinges on overcoming significant regulatory and technological hurdles to align with global standards.

As the new trading session begins this week, there may be further profit-taking pressure, potentially pushing the market to step back, but it is anticipated that the market will find support within the 1,200 - 1,210 point range and rebound to test supply.

The stock market recorded significant volatility during the weekend session, initially boosted by banking stocks but later experiencing a sharp decline due to unexpected selling pressure in the afternoon.