Vietnamese shares inched up on Monday morning as retailers and banks’ stocks progressed amid caution over the US presidential election.

After the third-quarter earnings season ends, the Vietnamese stock market may face a correction phase in November as investors try to realise their profits amid expected global market volatility due to the US presidential election.

Recent sessions in the stock market show that bank stocks are once again beginning to cause a stir on the floor, after a very long period of being in limbo. This is being perceived as the result of a successful effort to overcome and contain the Covid-19 pandemic across the country, accompanied by a switch in listings from UPCoM and HNX to HOSE.

Vietnamese shares picked up in the last minutes of trading on Friday, driven by Vingroup JSC following the strong profit growth reported for the third quarter.

 Vietnamese shares hobbled up on Friday morning, driven by several blue chips in the large-cap sector but caution still persisted on a wide range.

Vietnamese shares extended losses for a fourth day on Thursday as investors still tried finding ways to cash in on the market’s previous rally.

Shares rebounded on Thursday morning as bottom-fishing cash flow prevented market from falling further.

Vietnamese shares posted the worst loss in three months on Wednesday on the landing of a new storm in the central region, raising concerns over the economic growth and business performance in the rest of the year.

Vietnamese shares fell on Wednesday morning, dragged by blue chips on increased profit taking pressure.