Vietnamese shares dropped on Wednesday morning due to strong selling pressure, but the trend was quickly narrowed thanks to bottom purchases.

After struggling in the morning session, Vietnamese shares lifted in the latter half as a rate cut by the central bank boosted market sentiment.

Vietnamese shares tumbled on Tuesday morning amid profit-taking as investors looked for a way to lock in profits following recent market rallies.

Instead of adopting the age-old “sell in May and go away” strategy, and focusing on months with traditionally stronger market growth, investors now could be more bullish about a stock rally, buoyed by optimism about a gradual reopening of businesses.

The Viet Nam Financial Consulting Association (VFCA) has recently asked for securities transactions to be suspended during massive sell-off sessions to stabilise the market.

 Shares had a good start on Monday morning, following the positive trading of global markets.

Investors suffered losses with all 19 covered warrant codes that expired in April, data on the Ho Chi Minh Stock Exchange (HoSE) showed.

Shares may continue to enjoy growth this week on hopeful signs about the Government's containment of the COVID-19 outbreak and a handful of other supportive information.

Shares climbed in on Friday after the Finance Ministry's announcement it was cutting fees for most securities services by half.