Shares plummeted on Monday on profit-taking activities with many bank stocks hitting the biggest daily loss of 7 per cent.

The stock market fell sharply on Monday morning as strong selling pressure re-emerged.

The market will continue to move sideways this week with low liquidity to gradually form a strong enough accumulation base before returning to the uptrend, analysts said.

The stock market inched higher on Friday morning on bullish sentiment, but gains were capped by losses in some large-cap stocks.

Shares closed higher on the last trading day of the week with the market benchmark hovering just below the important level of 1,300 points.

In its recent report, Dragon Capital said that the market uptrend is still led by new individual investors. However, while margin loans were still at a record high and securities companies continued to raise capital, new money deposited into accounts started to show signs of declining.

Strong demand for bluechips, driven by upbeat investor sentiment, pushed the VN-Index of the Hochiminh Stock Exchange up over 14 points at the close today, July 15.

Shares extended loss on Thursday morning amid weak sentiment on complicated COVID-19 disease, pressuring indices with low liquidity.