Vietnam’s stock market extended its winning streak to seven trading sessions in a row on January 11 as several large-cap stocks, including VHM, HVN, and BCM, hit the ceiling.
With a sharp plunge in the US stock market along with the high increase in the previous trading session, investors on Vietnam’s stock market focused on taking profit right from the beginning of the trading session, causing the benchmark to drop by nearly 5 points. However, the bottom-catching cash flow massively poured into the market, causing the VN-Index to rebound vertically, surpassing 1,130 points.
Vietnam’s stock market increased by nearly 10 points in the trading session on December 9, thanks to the rally of banking and large-cap stocks, including VCB, BID, VIC, TCB, NVL, VCG, VCS, and TDH.
The global gold prices continued to decline further, dragging the price of gold in Vietnam to plummet by more than VND1 million per tael compared to the late afternoon of the previous day on November 25, falling off the VND55-million-per-tael mark.
After plummeting sharply in many trading sessions last week due to negative impacts as the Covid-19 pandemic recurred in Vietnam, Vietnam’s stock market was vibrant again in the first trading session of August as several stocks in the fields of steel, banking, and securities rallied robustly.
The global gold price hit the highest level in history, prompting the price of gold in Vietnam to surge by nearly VND2 million per tael to near VND57 million per tael on July 27.
