The Vietnamese stock market rose on Tuesday for the second straight day, but liquidity continued to decline while foreign investors withdrew from the main southern bourse.
The lack of initial public offerings (IPOs) from new market entrants makes it difficult for the securities market of Việt Nam, which is dominated by banking stocks, to attract foreign capital.
The market is anticipated to experience fluctuations within the range of 1,095 to 1,115 points as it seeks to assess and balance the dynamics of supply and demand.
Intense selling pressure in the afternoon session caused the VN-Index to decline sharply, briefly losing the crucial 1,100 threshold, while foreign investors added to the market downturn.
The capital flow from exchange – traded funds (ETFs) is returning to the stock market after the market correction in October caused the VN-Index to tumble by nearly 11 per cent but the inflow is not as strong as expected.
Shares experienced a third consecutive session of gains on Thursday as the market displayed a positive trend right from the opening, primarily attributed to the infusion of cash flow into large-cap stocks.
The stock market experienced a solid recovery on Tuesday, with notable gains observed in the banking, mining and securities stocks groups, boosting investor confidence.
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