At the opening of the trading session on August 26, the stock market was under strong selling pressure after two sessions of deep decline, losing a total of 70 points. However, after the initial shaking, bottom-fishing demand surged again with many blue-chip stocks before spreading to the entire market.

The market ended the trading session on August 26th with a jubilant performance, with the VN-Index increasing by 53.6 points (+3.32%) to 1,667.63 points. Thus, the VN-Index is only 30 points away from reaching the 1,700-point mark - a threshold that very few investors had previously thought of.

All 30 pillar stocks increased. VN30 increased 65.93 points (+3.7%) to 1,849.05 points.

Among them, many stocks increased to the ceiling and were the pillars that pulled the market up throughout the session. Vinhomes (VHM) increased by 6,800 VND to 105,200 VND/share. This is a new historical peak of this stock and also the first time VHM has exceeded the threshold of 100,000 VND/share.

SSI Securities Corporation (SSI) shares also increased by 2,550 VND to 39,200 VND/share. Saigon - Hanoi Bank (SHB ) increased by 1,100 VND to 17,400 VND/share. Mobile World (MWG) shares increased by 4,800 VND to 73,600 VND/share.

Vingroup (VIC) shares, chaired by billionaire Pham Nhat Vuong, increased sharply by VND4,500 to VND135,500/share. This is also a record high for this stock. During the session, VIC reached VND139,900/share.

With the new closing price, Vingroup has a capitalization of more than 522 trillion VND (equivalent to 19.7 billion USD), only slightly lower than the capitalization of the number 1 giant Vietcombank . At the end of February, VIC was priced at just over 40,000 VND/share.

Billionaire Pham Nhat Vuong's assets increased by nearly 1 billion USD, reaching 13.6 billion USD as of August 26, according to Forbes' calculations, ranking him 198th in the world. Since April, Mr. Vuong's assets have increased by more than 7 billion USD.

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VN-Index skyrocketed after two sessions of deep decline. Photo: HH

The stock market exploded with the number of stocks increasing in price overwhelmingly with about 600 stocks increasing (of which more than 30 stocks hit the ceiling) and only 160 stocks decreasing.

Many bank stocks are at historic highs. Techcombank (TCB) and Vietinbank (CTG) increased by over 4%. HPG also increased sharply by VND1,250, to VND27,200/share.

In the session of August 26, foreign investors net bought more than 40 million MSB shares, worth nearly 700 billion VND. Previously, foreign investors also bought many bank stocks.

Recently, the self-trading block of securities companies continued to net buy many stocks such as FPT, TCB, HPG, STB and some other stocks.

However, liquidity in the session decreased to only about 43,500 billion VND on the 3 floors, a significant decrease compared to the level of about 50,000-60,000 billion VND in previous sessions.

According to Mr. Luu Chi Khang, Director of the Research Center of CSI Securities Company, the market has increased strongly but needs more confirmation from liquidity. If in tomorrow's session, liquidity creates a peak, the new uptrend will be sustainable and break the downtrend signals of the previous two sessions.

The reason why bottom-fishing demand is still high and money is still flowing into the market, according to Mr. Khang, is because interest rates are still low, money is still being pumped into the economy, credit growth is high and public investment is being boosted. Investors also expect high profit growth of listed enterprises and banks and the possibility of the stock market being upgraded.

Investors also expect the US Federal Reserve (Fed) to cut interest rates at its September 17 meeting and expand its monetary easing policy. At that time, the USD/VND exchange rate will also be more stable.

US President Donald Trump has recently put a lot of pressure on the Fed. On August 25, Mr. Trump made an unprecedented move when he announced the dismissal of Fed Governor Lisa Cook, marking an escalation of tensions after the Fed refused to lower interest rates as requested by him.

Mr. Nguyen Hung, a stock investor in Hanoi, said that the stock market has decreased in the past two sessions and was under pressure at the beginning of the session on August 26 due to profit-taking. A lot of margin money was borrowed for investment, leading to the need to sell to reduce margin. When the market returns to a state of equilibrium, it is possible that the market will form another wave of price increase. The phenomenon of adjustment is normal.

Money flows not only into stocks but also into a number of other investment channels, including real estate in some localities and gold.

The price of SJC gold bars today, August 26, increased by 600,000 VND, reaching a new record of 127.7 million VND/tael (selling). The price of gold rings at Doji increased to a new peak: 119.3-122.3 million VND/tael (buying-selling). In the world, the spot gold price increased by 10 USD, to 3,377 USD/ounce.

Stocks plummet for the second consecutive session, billions of dollars still pouring in . The Vietnamese stock market continued to plummet for the second consecutive session. The VN-Index headed toward the 1,600-point threshold amid huge profit-taking pressure. However, billions of dollars were still poured into stocks and there were positive forecasts.

Source: https://vietnamnet.vn/gia-vang-len-127-7-trieu-dong-luong-chung-khoan-tang-chong-mat-phien-26-8-2436339.html