At the end of the session on August 1, the VN Index closed at 1,226 points, down 24.5 points.
Although Vietnamese stocks opened the August 1 trading session in green, this color only lasted for the first 60 minutes. After that, the market gradually lost points. The reason came from the weakening demand, causing many stocks to fall in price even though the selling pressure in the morning session was not too strong.
In the afternoon session, investors rushed to sell low-priced stocks. As a result, the market was in red with more than 750 stocks falling in price. Accordingly, stocks in the securities, technology, real estate, etc. sectors had the biggest declines.
Notably, among the 30 large stocks (VN30), there were 28 stocks in the red: BCM (-7%), GVR (-4.8%), SSI (-4.7%), MBB (-4.1%), STB (-3.3%) ...
At the end of the session, the VN Index closed at 1,226 points, down 24.5 points, equivalent to 1.96%.
According to Vietcombank Securities Company (VCBS), the weakening demand for stocks shows a lack of initiative in cash flow. With this inertia, the market may continue to fluctuate and decline in the next session.
Some other securities companies said that at this time, investors are somewhat uneasy due to the tense global geopolitical situation, which negatively impacts international stocks, and could cause the Vietnamese stock market to fall sharply. Since then, many people have sold off their stocks despite the increasingly better business results and economic growth.
Therefore, Mr. Tran Minh Hoang, Director of Research and Analysis at VCBS, recommends that investors stay calm, restructure their portfolios, and limit buying new stocks before there are clearer signals about market trends.
Source: https://nld.com.vn/chung-khoan-ngay-mai-2-8-nha-dau-tu-nen-han-che-mua-moi-co-phieu-196240801174337558.htm
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