Shares extended gains for a third consecutive session on Thursday with the VN-Index hitting a record high, propped up by a slew of banking, securities and real estate stocks.

Shares advanced on Wednesday, led by gains in banking stocks and the market witnessed record high liquidity.

The Ho Chi Minh Stock Exchange (HoSE) plans to develop products like covered warrants bought based on underlying assets including indices/ETF and put warrant, to further improve covered warrant products on the Vietnamese stock market.

The State Securities Commission of Vietnam (SSC) has warned investors on the risk of conducting business and investment activities on trading floors that are not organised and operated by the Vietnam Stock Exchange (VNX) and its subsidiaries.

Indices were mixed on Tuesday morning, with the VN-Index up slightly on the back of some large-cap stocks. However the selling force remained.

With the recent waves of speculation, corporations' business performance is no longer proportional to stock prices. Despite negative business results and continuous losses in profits, the market prices of many businesses still skyrocketed.

Shares ended lower on Monday due to the sharp fall of large-caps and mid-caps in some major sectors, pressuring the overall market.

At the National Assembly last week, there were worrisome arguments about the structure of the budget revenue based on the stock market bubble and the real estate sector.

Market analysts forecast that the VN-Index is unlikely to see a new drop in the short term as the demand for stocks remains significant.

After 25 years of development, the Vietnamese stock market is playing a more important role in attracting capital, supporting the commercial banking system. Therefore the target is to turn the market into the main channel of medium and long-term capital for the economy.