As an efficient capital mobilization channel for Vietnam’s economy, the stock market has been developing steadily toward modernity, transparency and safety.
The Vn-Index rose in the Lunar new year’s first six sessions during the 2016-2021 period, with 2020 being the only exception due to the emergence of the Covid-19 pandemic.
The market resumes trading after a week off due to the Lunar New Year festival. Historical statistics suggest that the market is likely to be positive after the holiday.
Vietnamese shares declined on Thursday, dragged by market heavyweights as selling pressure increased significantly towards the closing minutes of trading.
Shares ended higher on Wednesday thanks to the growth of the banking stock group but liquidity remained at a low level as investors held back from making further purchases ahead of the Tet holiday.
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