Shares failed to maintain growth on Tuesday morning as selling pressure increased during the trading session.

The sudden and virulent spread of the Covid-19 pandemic very early this year saw a sharp decline in the consumption of steel in the first months of 2020, as compared to the same period last year. Although unexpectedly, the steel market is now showing some positive signs of recovery. This factor has led steel stocks to rise marginally, despite impending risks and a volatile market.

Shares rose on Monday morning as securities and banking stocks attracted cash flow and supported market.

Investment funds have seen their net asset value (NAV) increase strongly during the third quarter of this year thanks to positive movements of the market.

Strong domestic purchasing is expected to keep Vietnamese shares upbeat this week, securities firms have forecast.