Vietnamese slumped on Monday morning with the VN-Index closing lower as banking stocks came under selling pressure towards the final minutes of trading.

Viet Nam’s stock market closed the week on a negative note with the benchmark losing more than 45 points. Foreign investors returned to net sell in the market.

Shares fell sharply on Friday morning as selling pressure resurged, weighing on the market’s sentiment.

Business results of the second quarter of 2021 saw the Price-to-Earnings ratio (P/E ratio) of the Vietnamese stock market drop immediately, a sure sign that the Vietnamese stock market is becoming weaker. However, despite liquidity becoming very low, the market also corrected down quickly.

Surging trade at the close lifted the VN-Index despite most Asian shares slumping on Thursday.

Shares were mixed on Thursday morning as the banking sector was hit hard by profit-taking activities, while gains in material stocks capped the losses.

Viet Nam’s stock market ended mixed yesterday as the benchmark reversed the morning course on resurging selling pressure.