The stock market witnessed a sharp decline in the last week of June, marked by strong net selling from foreign investors, who have been net sellers for the past five quarters.

Benchmark indices moved in different directions on Friday as blue-chip stocks saw a withdrawal in capital while foreign investors continue net selling for 17 straight sessions.

The domestic stock market ended mixed on Thursday as selling pressure weighed on pillar stocks in banking and energy industries, while foreign investors continued to be net sellers.

The Vietnam Stock Exchange (VNX) reported a decrease of 11 per cent year-on-year in net revenue to more than VNĐ3 trillion, according to the audited consolidated financial statements for 2023. The majority of VNX's revenue came from securities trading services.

Vietnamese markets extended gains and ended higher on Wednesday, mainly due to rises in rubber industry shares.

Shares rallied on Tuesday as the recovery of large-cap stocks helped the VN-Index regain 2.44 points after two sessions of falls, while liquidity dropped sharply.

The Vietnamese market opened the new week negatively as VN-Index decreased sharply, while market liquidity was at a four-week high.

There have been notable advancements in the assessment of Việt Nam’s stock market, the recent MSCI report for June 2024 showed.

The stock market traded in a sideways trend last week, with continuous fluctuations testing investors' patience as expectations for a market breakout to reclaim the 1,300-point peak did not materialise.