Open-ended funds recorded positive performance in the first half of this year with most enjoying profits.

The Vietnamese stock market gained for the second week in a row, with the VN-Index hitting the highest so far this year. Experts said that positive news had lured previously-hesitant cash flows to join the market, helping the index easily surpass the threshold of 1,150 points.

Shares on the Hồ Chí Minh Stock Exchange witnessed consistent gains throughout the week, with the VN-Index rising 0.26 per cent to close Friday at 1,168.40 points as investors' confidence in the market uptrend was strengthened.

Two major bourses are about to draw a large volume of new stocks from fresh comers, additional issuances, and those being removed from the unlisted public company market (UPCoM).

The market’s benchmark VN-Index extended its rally on Thursday to the highest point since September of last year, buoyed by demand for riskier assets from both domestic and foreign investors.

Domestic and foreign funds have disbursed up to 5.84 trillion (US$24.69 billion) in the first half of 2023 after the capital flow of exchange-traded funds (ETFs) returned to the market last month, according to a report by SSI Securities Corporation.

Competition on digitisation in securities trading is creating a driving force for the development of financial firms, and at the same time bringing many benefits for investors.