Hundreds of stocks, including bluechips, shot up to their ceiling prices at the close today, April 6, helping the VN-Index of the Hochiminh Stock Exchange to gain nearly 5%.
Shares surged on Monday morning following last week’s late gains as markets showed signs of stabilising thanks to two straight days of no new COVID-19 cases.
A three-day rally does not mean Vietnamese shares have returned to the growth track as risks are still persistent and there is no clue they have faded away, experts have said.
Shares kept rising higher on Friday as oil prices picked up in the afternoon session to lift energy stocks and spread a positive impact across the market.
Buoyed by strong gains on March 31 and April 1, the VN-Index of the Hochiminh Stock Exchange continued its rally and closed at the intraday high of 701.8 points today, April 3, thanks to gains of many small and large-cap stocks.
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