Foreign investors are edging back into emerging markets like Viet Nam on hopes the recent significant recovery of the equity market will reassure those hoping to capitalise on stronger economic growth in the emerging world.

Local shares struggled to stay positive on Tuesday morning with brokerage firms leading the gains.

Vietnamese securities companies have forecast positive second-quarter earnings from proprietary trading following a rocky few months in which they grappled with the COVID-19 crisis undermining the stock market and the economy.

The VN-Index of the Hochiminh Stock Exchange closed up 0.31%, or 2.72 points, at 871. 28 today, June 22, buoyed by fertilizer stocks and some bluechips.

Shares moved up on Monday morning as investors continued to pour money into mid-cap and small-cap stocks.

The Vietnamese market is forecast to enter a new rising phase with investors waiting for positive second-quarter earnings reports, said brokerages.

Shares eked out gains on Friday buoyed by the upswing of the aquaculture stock group and cash flow injected into a number of mid-cap and small-cap stocks.

Some 329 listed companies on the Hà Nội and Hồ Chí Minh stock exchanges have met all information disclosure requirements, 70 companies more than last year, according to a survey on information disclosure on the stock market conducted by the IR Awards 2020 programme.

Shares extended gains on Friday morning as investors injected money into a number of heavyweight stocks.