The VN Index has erased 13.6 per cent since it hit the record high of 1,204.33 points on April 9. Some 267.8 million VHM shares, worth VND31.57 trillion, were traded through advance negotiations between foreign investors. The massive trading amount of VHM shares helped Viet Nam’s stock market trading value exceed $1 billion for the first time, reaching VND35.83 trillion ($1.59 billion). According to securities firms, the short-term gaining momentum of the stock market is short-lived as large-cap stocks are having mixed performances and there are no signs of improvement in investors’ confidence. Energy stocks played the main role to drive the markets upward last week following the increases of crude prices on global trade.

Source: VietNamNet News May 21, 2018 00:45 UTC