The VN-Index continued to regain the 1,200-point mark after losing it in yesterday's session. A series of stock sectors recovered strongly, although liquidity decreased again.
Contrary to investor fears following the panic selling at the beginning of the week, the stock market performed relatively positively, closing above 1,200 points. All indices were pulled above their reference levels from the start of trading as numerous sectors halted their declines and began to recover.
At one point, selling pressure intensified, bringing back some concerns and causing the indices to lose momentum. The VN-Index briefly fell below the reference level. However, buying pressure quickly emerged, helping the overall market recover. Both the VN-Index and HNX-Index subsequently remained above the reference level until the end of the session. The 1,200-point mark remains a strong support level for the market, and the VN-Index regained this level after losing it the previous day.
The focus of today's market session was on the securities sector. Unlike the previous session where only a few small-cap stocks recovered, today most securities stocks performed positively. BSI was pushed up to its ceiling price. BVS increased by 6.9%, FTS by 6.9%, and FTS by 6.7%. Large-cap securities stocks such as HCM increased by 5.65%, SSI by 3.38%, and VCI by 5.4%.
The real estate sector also saw many stocks recover, with DXG rising 5.7%, CEO up 4.5%, and NLG up 3.7%.
In the VN30 group today, no stocks declined, with only two remaining unchanged: TCB and VIC. Meanwhile, VNM rose by 4.76% and had the best impact on the VN-Index, contributing 1.67 points. GVR increased by 4.15% and contributed 1.21 points. MSN, after being heavily sold off at the end of yesterday's session, also recovered and rose by 3.8%, contributing 0.99 points to the VN-Index.
Conversely, the stocks negatively impacting the VN-Index were mostly mid- and small-cap stocks. VGC fell sharply by nearly 2% and was the stock with the worst impact on the VN-Index, deducting 0.09 points. Other stocks with negative impacts included TMS, QCG, VPI, etc.
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| Vinamilk shares contributed the most to the VN-Index's recovery session. |
HBC shares attracted attention when they rose by 5.65% after news that Mr. Le Viet Hung, the older brother of HBC Chairman Le Viet Hai and also a senior advisor to Hoa Binh Construction, registered to buy 500,000 HBC shares between August 8th and September 6th, 2024, for the purpose of supplementing his investment portfolio. Previously, the Group received information about a mandatory delisting order from the Ho Chi Minh City Stock Exchange due to negative undistributed after-tax profit of VND 3,240 billion as of December 31st, 2023, exceeding the company's actual contributed charter capital of VND 2,741 billion.
At the same time, HBC continued to send a written response to HoSE, affirming that it disagreed with the grounds HoSE applied to consider mandatory delisting of HBC shares. Hoa Binh hopes HoSE will consider and weigh the matter carefully before making a decision to delist the company's shares.
At the close of trading, the VN-Index rose 22.21 points (1.87%) to 1,210.28 points. There were 383 gainers, 58 losers, and 49 unchanged stocks on the HNX exchange. The HNX-Index increased 3.75 points (1.68%) to 226.46 points. There were 128 gainers, 56 losers, and 41 unchanged stocks on the HNX exchange. The UPCoM-Index rose 1.43 points (1.58%) to 92.22 points.
Total trading volume on HoSE reached 688.8 million shares, a 33% decrease compared to the previous session, equivalent to a trading value of VND 16,356 billion, of which block trades accounted for over VND 2,500 billion. Trading values on HNX and UPCoM reached VND 1,186 billion and VND 540 billion respectively.
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| Foreign investors were net sellers on August 6th. |
Foreign investors sold a net 730 billion VND on the HoSE exchange today. VJC was the most heavily sold stock by foreign investors, with approximately 357 billion VND, mostly through block trades.FPT also saw net selling of 114 billion VND. Conversely, VNM was the most heavily bought stock with 205 billion VND. MSN and HVN were also bought net for 42 billion VND and 39 billion VND respectively.
Source: https://baodautu.vn/hoi-phuc-sau-phien-hoang-loan-vn-index-lai-vuot-1200-diem-d221776.html
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