Vietcombank helped VN-Index avoid a sharp decline.

Vietcombank helped VN-Index avoid a sharp decline.

The 24/7 stock market made a strong impression on investors as the VN-Index rose significantly and trading volume once again reached billions of shares, with a trading value exceeding 20,000 billion VND.

In terms of liquidity, the July 25th trading session continued the bullish momentum of the July 24th session. From the very beginning of the session, a surge of capital flowed into the market. As a result, the Ho Chi Minh City stock exchange recorded over 1 billion shares, equivalent to 20,145 billion VND, successfully traded throughout the July 25th session.

However, unlike yesterday, the stock market on July 25th witnessed profit-taking activity, with buyers only willing to purchase at low prices and sellers willing to compromise. The VN-Index could have experienced a red session if Vietcombank's VCB, Techcombank 's TCB, and a few other blue-chip stocks hadn't acted as a support.

Stock market 25 7 Vietcombank helps VN Index escape the trap (Figure 1) — Money continued to flow into the stock market on July 25th, but selling pressure was immense. Without Vietcombank's breakthrough, the VN-Index would have inevitably experienced a sharp decline. (Illustrative image)

In the July 25th stock market session, VCB surged strongly, increasing by 3,100 VND/share, equivalent to 3.5%, to 91,700 VND/share. Following VCB were TCB (up 1,050 VND/share, equivalent to 3.2%, to 33,500 VND/share), VRE (up 600 VND/share, equivalent to 2.1%, to 29,000 VND/share),…

Thanks to VCB, at the close of trading on July 25th, the VN-Index increased by 51.8 points, equivalent to 0.44%, to 1,195.90 points; the VN30-Index increased by 4.87 points, equivalent to 0.41%, to 1,198.01 points.

The impact of VCB was so significant that the stock market session on July 25th was a "green outside, red inside" situation – meaning that while the entire market went up, the number of declining stocks (250) was greater than the number of rising stocks (207).

One of the highlights of the July 25th stock market session was Novaland 's NVL. Yesterday, NVL surged to its ceiling price with a sharp increase in trading volume, nearly reaching 95 million units. Today, NVL failed to maintain its momentum, closing at the reference price of 16,200 VND/share. Liquidity remained high with 42.5 million shares changing hands.

On the Hanoi Stock Exchange, the indices rose at a slower pace. At the close of trading on July 25th, the HNX-Index increased by 0.4 points, or 0.17%, to 236.93 points; the HNX30-Index increased by 0.49 points, or 0.1%, to 468.21 points.

Hong Kong stocks surged dramatically.

Hong Kong stocks rebounded strongly, with the Hang Seng index rising more than 4% on Tuesday, after China's Politburo pledged to "adjust and optimize policies in a timely manner" for the country's ailing real estate sector.

The Hang Seng Tech Index also rose by more than 6%, led by Chinese electric vehicle manufacturers.

Beijing's top decision-making body also declared it would "raise job stability to a strategic goal," along with other commitments to boost consumption and address debt risks.

This comes after disappointing economic data last week fueled renewed calls for policy support to boost growth.

Mainland Chinese stocks also rose, with the Shanghai Composite gaining 2.13% to close at 3,231.52, its biggest one-day gain since February. Meanwhile, the Shenzhen Component rose 2.55% to finish at 11,021.29, its biggest one-day gain since October 2022.

Other Asian markets also mostly rose. South Korea's Kospi traded up 0.3% to close at 2,636.46, while the Kosdaq was 1.08% higher to finish at 939.96, continuing its gains after rising for nine consecutive days on Monday.

South Korea saw its gross domestic product grow by 0.9% year-on-year in the second quarter, according to estimates released on Tuesday.

Australia's S&P/ASX 200 extended gains from Monday, rising 0.46% to close at 7,339.7. However, in Japan, the Nikkei 22 edged lower to end at 32,682.51, while the Topix gained 0.18%, closing at 2,285.38.

Overnight in the United States, all three major indexes rose, with the Dow Jones Industrial Average extending its winning streak to 11 days, its longest run since February 2017.

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