The purchasing power for stocks will improve.

At the close of trading on August 19, the VN-Index rose 9 points (+0.75%), closing at 1,261 points.

Following the upward trend from the end of last week, Vietnamese stocks continued to rise right from the opening on August 19th. Strong buying pressure on large-cap stocks such as VCB, VNM, and GAS created a positive foundation, pushing the overall indices higher in the morning session.

Entering the afternoon session, although trading slowed down, the market maintained its upward trend, with more than 267 stocks on the HoSE exchange keeping in positive territory.

At the close of trading, the VN-Index rose 9 points (+0.75%), closing at 1,261 points. The utilities and consumer-retail sector saw the best gains of 2.6%, with some stocks hitting their upper limit (6.93%). Conversely, the securities sector experienced a slight decline of 0.5%.

Among the top 30 stocks, 18 rose in price: VNM (+3%), SAB (+2.7%), GAS (+2.3%), TCB (+2.1%), VIB (+1.7%)…; 4 closed in the red: SSI (-0.9%), PLX (-0.4%), HDB (-0.2%),FPT (-0.1%).

According to Mr. Nguyen Huy Phuong, Deputy Head of Individual Customer Consulting Department - Rong Viet Securities Company (VDSC), with the slowdown at the end of the August 19th session, the market is likely to undergo a correction in the next trading session to re-test the supporting capital flow. Therefore, investors should slow down to observe supply and demand, avoid chasing stocks at rising prices, and consider good price levels to take short-term profits.

Meanwhile, Vietcombank Securities (VCBS) and several other securities companies reported that market indicators are trending upwards. This suggests increased active buying liquidity, helping many stocks extend their upward trend. Therefore, the VN-Index could continue to advance towards the 1,280-point area.

"Investors may consider increasing their holdings in stock groups that are attracting capital inflows. Notable sectors include securities, banking, and consumer-retail," recommended Mr. Tran Minh Hoang, Director of Research and Analysis at VCBS.

Source: https://nld.com.vn/chung-khoan-ngay-mai-20-8-suc-mua-co-phieu-se-tot-hon-196240819180853477.htm