The stock market finished higher on Monday as bottom-fishing activities lifted large-cap stocks.

The Vietnamese stock market experienced a choppy week, with the VN-Index falling to below 1,000 points before bouncing back to 1,027.36. Analysts believed that besides strong selling pressure and increased mortgage settlement during the downtrend, investors were also negatively affected by the movements in interest rates, exchange rates, and bond markets.

Macroeconomic stability will be a good foundation for developing the stock market, Deputy Minister of Finance Nguyen Duc Chi said at the Government’s regular press conference on October 29 in Hanoi.

The market was mixed on the last trading day of the week, as the benchmark VN-Index was dragged down by rising selling force after the previous session's strong rebound, whereas foreign investors also dumped a large amount on main exchanges.

The stock market inched higher on Friday morning, but gains were capped by profit-taking activities after the strong recovery in the previous session.

Benchmark indices surged more than 3 per cent yesterday, with many stocks hitting ceiling prices on the improvement of liquidity. The recovery helped the VN-Index move above the key level of 1,000 points.

Shares de clined on Wednesday on both national stock exchanges on low liquidity.

The Vietnamese stock market is experiencing one of its worst times in recent years as the VN-Index plummeted below 1,000 points, the lowest in nearly two years.