Shares edged down on Monday morning as profit-taking activities weighed on market sentiment.

The Vietnamese stock market has witnessed drastic changes in both quality and quantity in 2021 and the trend will continue this year, BIDV Securities Company said in a recent report.

The Vietnamese market is forecast to enter a recovery phase this week after a strong correction last week but investors should remain cautious with the market’s risk factors and instability.

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.

Shares struggled on Friday with the market experiencing strong volatility with big variations in large-caps’ prices.

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 plunged on Thursday on the two national stock exchanges as negative information continued to weigh on the real estate group.

More securities firms are weighing over going on the bourse to best avail of market appeal, as well as replenish their capital sources.