The stock market in Việt Nam is experiencing an upward momentum driven by improved liquidity and positive Q1 results, with experts cautiously optimistic about an increased cash flow.

On the Hồ Chí Minh Stock Exchange (HoSE), the benchmark VN-Index increased 11.11 points, or 0.89 per cent, to 1,254.39 points, in a second day of rises.

Shares rallied on Tuesday as the recovery of large-cap stocks helped the VN-Index regain 3.1 points, but the selling pressure was persistent.

Benchmark indices moved in different directions on Monday as blue-chip stocks saw a withdrawal in capital while many penny stocks hit ceiling prices.

The stock market's recovery, which began in late April, extended into May, but profit-taking pressure rose as the market approached a strong resistance level and there were signs of a resurgent USD exchange rate following the upward trend of the US Dollar Index (DXY).

The State Securities Commission (SSC) has recently issued numerous penalties against businesses for non-compliance with information disclosure requirements.

Shares were mixed on Thursday as a profit-taking force after recent rallies weighed on the market, while foreign capital witnessed the largest withdrawal in more than a month.