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Vietnam’s benchmark VN Index advanced 0.53 per cent at the break on Tuesday to 574.52 points, led by some blue-chips that rallied after several recent losses.
PetroVietNam Gas, Vietnam’s top firm by market value, bounced back with a 1.31-per cent rise, while Hanoi-based Vietcombank, the country’s biggest lender by capitalisation, was up 1.69 per cent after three straight falls.
Trading volume has been easing in the past two sessions as investors stayed on the sidelines to observe the market movements after some strong rallies, but analysts expected the index could hit 640 points this quarter.
“Investors should hold equities in large amount amid this rising trend,’’ Maybank Kim Eng Securities said in a note to clients, adding that falling sessions create buying opportunities.
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