The market ended higher on Tuesday, but lost momentum from foreign capital flows as foreign investors net sold on the key southern bourse.

From being net sellers in the first nine months of 2022, foreign investors have become the driving force supporting the Vietnamese stock market in the last few months, and the inflows are expected to continue this year.

The market's uptrend in the near future may slow down and the risk of correction is increasing, brokerages have said.

The Vietnamese stock market witnessed a turbulent year in 2022. In the last quarter of 2022, the market plunged and hit a two-year low of below 900 points in the middle of last November.

Shares gained on Friday as strong buying forces brought an upswing on blue chips, lifting indices.

The market's uptrend will continue to be consolidated in the first trading session of the Year of Cat.

International trade saw significant upticks with an average daily exchange of VND5 trillion daily, with some days at over VND10 trillion, and more than 4,000 new accounts created during 2022, according to the Mercantile Exchange of Vietnam (MXV).