The stock market experienced increased selling pressure on Tuesday, with major stocks also suffering significant losses as the VN-Index broke its two-day rising streak.

Following the previous session's recovery, the VN-Index started the new week positively on the final Monday of July, although liquidity remained at a record low.

The Vietnamese stock market has evolved significantly from its earlier rudimentary state.

Anticipated GDP growth for the rest of 2024 is expected to drive the Vietnamese stock market upwards in the coming months.

Following the adjustments seen in the previous week, the stock market continued to experience a volatile week. The market declined sharply in the first two sessions, causing the VN-Index to test the technical limit of 1,220 points before rebounding. At the same time, foreign investors halted their consecutive weekly net selling since February.

Many investment funds believe that Vietnam’s stock market is advancing its trading mechanisms and settlement cycles to align with more developed markets, enhancing its competitiveness and appeal.

Securities firms witnessed mixed performance in the year to date, with some even counting losses.