Shares opened this week on a negative note on both major stock exchanges as pessimistic news from the financial market continued to affect investors’ psychology.

Retail stocks have dropped significantly due to the decline in business results in the context of the global economic recession and high interest rates.

Benchmark indices were mixed on Friday with the VN-Index falling for a second day in a row, but both posted a weekly loss.

In the face of increasing concerns about climate change as well as corporate responsibility in sustainable development, the Ho Chi Minh Stock Exchange (HoSE) said it was considering deducting points of businesses who does not include information on greenhouse gas (GHG) emissions in the annual report period of 2022.

Shares reversed course and ended Thursday on a negative note as selling force rose strongly in the last minutes.

The stock market rebounded strongly on Wednesday, lifted by a regulatory interest rate cut by the State Bank of Vietnam (SBV).

Although 2023 is forecast to be a difficult year, many securities companies still set a target of positive profit growth in 2023, besides some others adopting more prudent plans.

The Vietnamese stock market was unable to escape the global downtrend and finished lower on Tuesday.