The market traded two different ways on Friday with the VN-Index failing to cross the psychological level of 1,200 points, as rising selling pressure outweighed demand for riskier assets.

Indices witnessed mixed performance on Thursday, as the uptrend was cushioned by many large-cap stocks, however, lingering selling pressure capped gains.

The Vietnamese economy grew by 7.7 per cent in the second quarter, one of the fastest rates in a decade, and is expected to expand even faster this quarter, driven by an ongoing burst of consumption.

The market settled higher on Wednesday as concerns about the country’s inflation were eased, boosting investors' sentiment.

Shares increased on Wednesday morning, boosted by gains in many large-cap stocks as investor sentiment improved.

During the last seven to eight trading sessions, the VN Index suddenly went down and then up again to bottom at 1,150 points. The Index almost stood still and always looked like it was going to break bottom. This resulted in a loss of liquidity in the stock market that left several investors doubtful.

Shares eked out a gain on the Ho Chi Minh Stock Exchange on Tuesday thanks to the strong growth of energy stocks but caution remains in the face of selling pressure.

The market fell on Tuesday morning, weighed by losses in many large-cap stocks. However, the downtrend was limited by gains in energy stocks.

The market settled mixed on Monday as rising selling force in the afternoon session weighed on many pillar stocks, especially in the realty sector.