The VN-Index remained largely sideways during the first three sessions of the week, facing significant selling pressure on Thursday (December 19), while staging a modest recovery in the final trading session.

Strategic efforts in legal framework development, market supervision and technological modernisation played a key role in maintaining stability and investor confidence in 2024.

Market breadth was overwhelmingly negative, with 244 stocks declining compared to just 71 advancing. Trading value on the southern bourse rose sharply to VNĐ17.8 trillion (approximately US$698.9 million), marking a 40.1 per cent increase from the previous session.

However, foreign capital continued to flow out of the market, with a total net selling value of nearly VNĐ50.4 billion on the two main exchanges.

Market breadth was negative - 163 stocks declined, 138 advanced and 61 remained unchanged.

The approval of the amended Securities Law by the National Assembly on November 29 marks a significant step forward for Vietnam’s stock market, laying the groundwork for its long-term development and aspirations of achieving emerging market status.

Potential risks from the global political and economic environment continue to impact Vietnam’s economic growth recovery prospects. Trinh Ha, a financial market analyst from Exness Investment Bank, gave VIR’s Trang Thu his views on investment channels during this pivotal time.

On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index edged up 1.22 points, or 0.1 per cent, to close at 1,263.79 points. Market breadth stayed negative, with 165 declining stocks outnumbering 132 gainers.

One of the major highlights of the amended Electricity Law is the emphasis on market-driven pricing mechanisms for electricity sales, with state regulation to ensure fair competition.