Vietnamese shares managed to maintain their rally on Friday but the selling pressure increased at the end of trading session and prevented the VN-Index from reaching 1,170 points.
Hanwha Investment & Securities has raised capital in Pinetree Securities Corporation in order to penetrate the Vietnamese stock market to ride the waves of the strong economic growth forecast for the country.
The return of foreign investors, large amount of money from new investors, and low interest-rate environment are factors that continue to keep up the Vn-Index, said an expert from SSI Securities Corporation.
Vietnamese shares struggled to stem a bearish mood on Wednesday with the VN-Index surpassing the 1,130 points but selling pressure still weighed on the overall market.
The State Securities Commission of Viet Nam (SSC) has ordered the Ho Chi Minh Stock Exchange (HoSE) and securities firms to apply short-term, mid-term and long-term solutions for overload orders which forced the exchange to halt trading since the end of last year.
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