The cash flow poured into the market heavily, so many stocks rebounded robustly, helping the VN-Index surpass 1,040 points at the close. Foreign investors also net bought for a second consecutive session with more than VND243 billion on the HoSE.
The VN-Index continued to free fall in the trading session on October 25, losing 24 more points to near 960 points, then rebounded by nearly 12 points at the end of the trading session after the “Black Monday" when the VN-Index lost the 1,000-point mark and the market capitalization evaporated more than VND134.2 trillion.
Stockholders dumped shares heavily, whereas investors holding money did not participate in the market, causing the VN-Index to retreat to near 1,200 points. With a drop of roughly 29 points in the trading session on September 19, all previous gains of the VN-Index in August were erased.
After the recovery session on the previous day, Vietnam’s stock market was bearish in the trading session on May 6 because investors’ sentiment was heavily affected by negative fluctuations from the US stock market.
Although blue-chip stocks made correction after increasing for many trading sessions, Vietnam’s benchmark VN-Index still maintained rising momentum on February 25 as foreign investors’ net buying buoyed up the market.