Shares were mixed on Thursday as selling force returned, weighing on many stocks. However the VN-Index was still cushioned by gains in some large-cap stocks.
Vietnam has outperformed major regional indices, making the market nearly quadrupled in size compared with the start of 2012 and the trading exceeding $1 billion a day.
The market ended lower on Monday, as strong selling force weighed on pillar stocks across all sectors, with VN-Index falling closer to the 1,200-point level.
Although the rally in recent sessions was quite positive, with the temporary cautious state of cash flow, it is likely that the market will need a step back to re-test supply and demand, said brokerages.
An upgrade to emerging status will not only help the stock market develop quickly, transparently and sustainably, but also attract huge foreign capital inflows, said experts.
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