Heavyweight stocks dragged Vietnamese’s blue-chip share indices lower on Tuesday, pressuring the overall stock market amid weakening market sentiment.

The market traded two different ways on Friday with the VN-Index failing to cross the psychological level of 1,200 points, as rising selling pressure outweighed demand for riskier assets.

The Vietnamese economy grew by 7.7 per cent in the second quarter, one of the fastest rates in a decade, and is expected to expand even faster this quarter, driven by an ongoing burst of consumption.

Indices witnessed mixed performance on Thursday, as the uptrend was cushioned by many large-cap stocks, however, lingering selling pressure capped gains.

Just within the first 15 days of Q3, the capitalization value of retail companies fell by tens of trillions of dong.

During the last seven to eight trading sessions, the VN Index suddenly went down and then up again to bottom at 1,150 points. The Index almost stood still and always looked like it was going to break bottom.

Several securities stocks hit the ceiling due to the strong increase in demand and high buying prices after the information that the securities settlement cycle T+2 will be applied in August.

Most of the delisting cases on HoSE and HNX were due to losses fore three consecutive years, the auditor’s refusal to give an opinion, or the financial statements of three consecutive years with qualified options.

During the last trading sessions of 2021, the stock market was not particularly active. The effect was being felt of unfavorable news on the macro, the most notable of which was the GDP growth of the whole year at only 2.58%.

Closing the final trading session of 2021 today, December 31, the VN-Index of the Hochiminh Stock Exchange gained 12.31 points, extending its rally for the second day, as many big-cap stocks moved into positive territory.

Covid-19 posed difficulties to many people in 2021, but not to securities investors. They earned big money as the VN Index climbed to new highs.

The Vietnam Stock Exchange (VNX) made debut on December 11, on the basis of merging the Hanoi Stock Exchange (HNX) and the Ho Chi Minh Stock Exchange (HoSE).

Billions of dollars are pouring into the stock market each trading session as the prices of some stocks have reached historic peaks.

All factors are pointing to a positive prospect of Vietnam’s stock market by the end of this year.

The mid-term outlook of the market remains bright, but in short-term, investors may face certain risks.

The stock market is witnessing trading sessions with sharp declines amid technical problems that have gone unresolved for years despite repeated promises from the management agency.

The stock market has been witnessing unprecedented cash inflow so far this year, even though the Covid-19 pandemic has become more complicated in Southeast Asia.

Biotech shares, especially the shares of vaccine producers, are being sought by investors.

Vietnam’s stock market made a spectacular breakthrough in the first months of the year with the VN Index staying at the 1,200 point threshold and some blue-chip prices strongly increasing.