The VN-Index sustained the green on Thursday, but the market was negative on investors' reluctance ahead of Tet (Lunar New Year) holiday.

Domestic individual investors opened nearly 2.6 million securities accounts in 2022, exceeding the total number of new accounts opened during six years from 2016 to 2021 combined, according to data from the Viet Nam Securities Depository (VSD).

HoSE market capitalisation has declined by VND1.79 quadrillion in 2022, compared to the VND5.8 quadrillion recorded at the end of 2021.

The market demonstrated volatility with ups and downs since early this week. The benchmark VN-Index rebounded 0.23 per cent to close Wednesday at 1,055.76 points after a brief decrease on Tuesday.

Rising selling pressure increased in the latter half of Tuesday’s session and pulled the market down, despite the recovery of some blue chips.

Shares inched higher on the first day of the week on the Ho Chi Minh Stock Exchange, propped up by Vietcombank’s gain while other blue chips weakened.

The Vietnamese stock market witnessed a strong performance with an improvement in liquidity in the first trading week of 2023. The positive news was attributed to the bullish trend, according to experts.

The market ended lower on Friday as investors tended to reduce their holdings in stocks before the Tet holidays. But it still headed for the first weekly gain of 2023.

Entering 2023, investors are choosing investment channels that bring high profitability amid the current financial market where there are many unprecedented risks.