In December 2021, the market benchmark VN-Index could have surpassed 1,498 points if it were not affected by the holiday, Dragon Capital said in a recent report.
During the last trading sessions of 2021, the stock market was not particularly active. The effect was being felt of unfavorable news on the macro, the most notable of which was the GDP growth of the whole year at only 2.58%.
The Vietnamese stock market continued to reach another historic record, with the largest number of new accounts opened in December after 21 years of operation.
Shares reversed course to trade higher on Wednesday, strengthened by the strong increase of banking stocks that attracted a huge injection of cash flow.
Even though capital flows from exchange traded funds (ETFs) were not active in December, they are expected to return to the market in 2022, said SSI Research.
Shares plunged on Tuesday, pressured by the slump of securities stocks that were hit strongly during the last minutes of the session by increased profit-taking.
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