Though local steelmaker Hoa Phat Group ramped up production in April, with raw steel output rising 19% month-on-month to 525,000 tons

Expected negative business results in the first quarter are likely to weigh on sentiment in the short term.

Shares gained on Tuesday as strong buying forces brought an upswing on blue chips, lifting indices.

Shares gained ground thanks to the sharp rises of large-caps and in the securities and real estate group, supporting the overall market.

The Vietnamese stock market continued to undergo a bearish week as many realty stocks faced selling forces with large volumes.

This was the lowest number of new accounts opened by domestic investors since February 2021 and marked the fifth consecutive decline

More stocks moved to the upside on the southern bourse, of which 196 ticker symbols inched higher, while 140 stocks finished lower.

Benchmark indices surged more than 3 percent yesterday, with many stocks hitting ceiling prices on the improvement of liquidity.

The VN-Index rebounded on Tuesday, October 25 after four consecutive falling sessions, led by the banking, insurance, and steel stocks.

Indices dropped sharply on Monday due to a strong selling force, showing investors’ pessimistic sentiment about the market’s movements.

The benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) reversed the previous trade's course to close lower yesterday.

Investors went through a turbulent week as the VN-Index reported the biggest weekly fall since May.