Big-cap stocks regain their position.
Continuing its recovery momentum, the VN-Index rose right from the opening of the July 5th trading session and maintained its positive performance throughout the morning. According to statistics, steel and retail stocks attracted the strongest demand, with increases of 2% and 1.5% respectively.
According to VCBS Securities Company's assessment, positive sentiment continued throughout the afternoon session, with active buying accounting for nearly 72% of liquidity. However, selling pressure persisted at the psychological support level, preventing the VN-Index from breaking through the previous peak resistance.
Blue-chip stocks played a major role in the positive performance of the stock market on July 5th. After several sessions of being overshadowed by penny and mid-cap stocks, today, these large-cap stocks received significant investment inflows. Blue-chips led the VN-Index upward.
In the July 5th stock market session, large-cap stocks regained their leading position, helping the VN-Index rise. (Illustrative image)
At the close of trading on July 5th, the VN-Index rose 2.62 points, or 0.23%, to 1,134.62 points; the VN30-Index increased 1.76 points, or 0.16%, to 1,129.76 points. A total of 807 million shares, worth 17,201 billion VND, were successfully traded. Within this, the VN30 group saw improved liquidity, reaching 7,194 billion VND.
Some of the leading stocks in the stock market on July 5th include VCB (up 2,000 VND/share, equivalent to 2%, to 102,000 VND/share), HPG (up 700 VND/share, equivalent to 2.7%, to 26,950 VND/share),VIB (up 250 VND/share, equivalent to 1.3%, to 19,900 VND/share), VRE (up 300 VND/share, equivalent to 1.1%, to 27,500 VND/share),…
One of the highlights of the July 5th stock market session was retail stocks. While there was a strong influx of capital into this sector, the results were uneven. While MWG and MSN saw significant gains, VNM remained in the red.
At the close of trading on July 5th, MWG increased by 100 VND/share, equivalent to 0.2%, to 43,350 VND/share; MSN increased by 200 VND/share, equivalent to 0.3%, to 75,800 VND/share; VNM decreased by 800 VND/share, equivalent to 1.1%, to 69,800 VND/share.
On the Hanoi Stock Exchange, the trend remained less optimistic. At the close of trading on July 5th, the HNX-Index fell 0.92 points, or 0.4%, to 227.84 points; the HNX30-Index fell 1.26 points, or 0.29%, to 436.85 points.
Asian stocks plunged into the red.
The July 5th stock market session saw widespread gains on the Ho Chi Minh City exchange. However, across Asia, indices, including the HNX-Index, were all in the red.
The Asia- Pacific market largely declined as investors grappled with a series of data from private surveys on services activity.
Service activity in Japan and China continued to expand during the month, although the pace of growth slowed.
In Japan, the Nikkei 225 index fell 0.25% to 33,338.7 and the Topix edged lower to 2,306.03. South Korea's Kospi also lost 0.55% to 2,579 while the Kosdaq rose 0.13% to 891.18.
Chinese markets declined, with the Shanghai Composite falling 0.69% to close at 3,222.95 and the Shenzhen Component dropping 0.91% to 11,029.3. Hong Kong's Hang Seng index fell 1.6% in the final hour while the Hang Seng Tech index also traded 1.5% lower.
Australia's S&P/ASX 200 fell 0.35%, closing at 7,253.6 after the Reserve Bank of Australia kept interest rates at 4.1% on Tuesday.
US markets were closed for the Independence Day holiday, but US futures were lower ahead of Wednesday's trading session. Traders will be closely watching the minutes from the Federal Reserve's June meeting, after Chairman Jerome Powell indicated last month that they expect further interest rate hikes.
Dow Jones Industrial Average futures fell 0.11%, while S&P 500 and Nasdaq Composite futures declined 0.9% and 0.17%, respectively.
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