The market closed higher on Monday as a series of banking and real estate stocks surged, propelling the indices.

July looks set to be a hard month for investors as market turbulence continues due to the unpredictability of global stocks and with attention on second-quarter earnings expectations.

Vietnamese stock market is forecast to move higher this week, where correction and volatility is expected.

Local stocks are expected to keep rising this week but their growth would be slower as goods news dries up.

Shares are forecast to move sideways this week as investors brace for dreary quarterly earnings reports that could offer more clarity on how badly corporate profits have been damaged by the novel coronavirus pandemic.

A three-day rally does not mean Vietnamese shares have returned to the growth track as risks are still persistent and there is no clue they have faded away, experts have said.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) took a nosedive to close at 835.49 points on March 9, recording the worst slump since 2002.

Margin lending may be allowed on the Unlisted Pubic Company Market (UPCoM), the State Securities Commission (SSC) vice chairman Pham Hong Son said on Wednesday.

Brokerage firms and market experts remain pessimistic about market trading this week as investors run out of supportive information while international stocks continue to be weighed down by the novel coronavirus (COVID-19).

In 2019, foreign investors bought in shares worth VND3.7 trillion (US$159.67 million), but offloaded over US$4.4 trillion (US$189.88 million).

Market analysts and experts have forecast a brighter outlook for the stock market in 2020, but challenges remain arising from internal and external influences.

Concerns about the US-China trade talks have lifted for now, and investors are turning their attention to third quarter earnings reports and how listed companies will perform in the last three months of the year.

Investors may want to brace for a bumpy trading week as the Vietnamese stock market is still vulnerable to the unpredictability of global shocks in geographic, political and economic conditions.

Vietnamese shares may continue falling this week as investors remain pessimistic about economic and business prospects in 2019.

 VietNamNet Bridge – Shares in HCM City extended last Friday's gains during on Monday session (Jan 20), as the VN-Index jumped 1.85 per cent to a four-year high of 553.67 points.

VietNamNet Bridge – Shares were mixed last week with a weak cash flow and cautious investors, but some data hinted at economic recovery.

 VietNamNet Bridge – The Vietnamese stock market witnessed a dreadful week, with the VN-Index dropping 4.1 per cent to 486.82 points and the HNX-Index going from 1.3 per cent to 61.42.

 VietNamNet Bridge – Shares made significant gains on the HCM City Stock Exchange last week to break the 500 point barrier, but stocks tumbled in Ha Noi as liquidity remained low.

VietNamNet Bridge – The market fell sharply again last week, primarily due to strong selling pressure in blue-chips, including property developers Vingroup, Hoang Anh Gia Lai, Vietinbank, Vietcombank,