Vietnamese shares ended on a positive note on Thursday, the last trading session before the Lunar New Year holiday.

The State Securities Commission (SSC) has fined companies and individuals who violated rules on the stock market a total of nearly VND5 billion (US$212,000) in January.

Shares gained ground on Wednesday thanks to the sharp rises of large-caps and in the securities and real estate group, supporting the overall market.

Vietnamese equities closed sharply higher on Tuesday, bolstered by a dramatic injection of cash flow into banking and securities.

The stock market settled up on Monday, boosted by positive sentiment and inflows of foreign capital. But the divergence trend still prevailed so the index fluctuated in a narrow range.

The stock market traded in a narrow range last week, with most industries experiencing a divergence trend. Experts believe that in the period before the Lunar New Year, the index will fluctuate in a narrow level, but investors can still look for opportunities in short-term positions.

Bank profits are forecast to be the bright spot in the fourth quarter 2022 financial report season, which takes place after the Lunar New Year. This will help bank stocks flourish.

There are now many enterprises on UPCOM with small charter capital but a great amount of land funds.

Shares ended the week in the green with the VN-Index rising 0.36 per cent to close Friday at 1,060.17 points.