The VN-Index (VNI) surpassed 1,500 before pulling back on Omicron concerns. The VNI rose in the first half of November after posting a 7.6% increase in October (the highest monthly gain in eight months) on positive global and domestic sentiment. The market then retreated in mid-November on rising profit-taking pressure. However, the rallies of banking stocks and real estate stocks in the last week of the month helped the VNI to surpass 1,500 on November 25. Nevertheless, the VNI subsequently retreated from this record high due to concerns over the Omicron variant of COVID-19, which also triggered broad declines in global stock markets. 

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