The Ho Chi Minh Stock Exchange (HoSE), on which the VN-Index is based, saw 302 tickers rise and just 84 lose. Total trading volume fell 17 percent over the previous session to VND4.96 trillion ($214 million).

The VN30-Index for the stock market’s 30 largest capped tickers outperformed the general market, gaining 0.95 percent, unlike the previous three sessions. Friday’s session saw 25 gainers in the basket, and only 2 losers.

However, investors were still focusing more on stocks outside the VN30, with 57.5 percent of total trading volume attributed to them. Usually, non-blue chips account for less than 50 percent of a day’s trades.

Analysts have observed that because some individual businesses are still posting positive growth amid the Covid-19 pandemic in Vietnam, investors are shifting their money to smaller caps in search of new opportunities, depending on their interpretation of companies’ second quarter financial reports and short-term business plans.