Vn-Index rose slightly, 14,000 billion VND changed hands.

Following this morning's opening session, gains in several key stocks helped the Vn-Index turn green, at one point rising by more than 6 points to near 1,290 points. However, after reaching that level, increased selling pressure caused the market to slow down.

At the end of the morning trading session, the Vn-Index rose 4.73 points to 1,286.17 points. In the afternoon session, selling pressure increased, causing the Vn-Index to briefly turn red before quickly recovering. Towards the end of the session, some bank stocks slowed their gains, nearly causing the index to turn red again.

At the close of today's trading session (August 29th), the Vn-Index rose slightly by 0.03 points to 1,281.47 points; the VN30-Index increased by 3.13 points (0.24%) to 1,326.67 points. Declining stocks outnumbered advancing stocks, with 214 falling and 174 rising.

The Vietnamese stock market just had a rather volatile trading session (illustrative image).

Within the VN30 group, the number of gainers and losers were 12 and 14 respectively. The biggest contributor to the Vn-Index in this session was VHM with approximately 0.65 points; followed by VCB with nearly 0.55 points.

Conversely, BID deducted the most points with 0.41 points, followed by GVR (0.33 points) and GAS (0.22 points). The number of sectors with increases and decreases in points was roughly equal, and the increases and decreases were not too significant.

On the Ho Chi Minh City stock exchange, a total of only VND 14,000 billion changed hands, down from yesterday's low (VND 16,300 billion). Foreign investors continued to be net sellers, buying over VND 1,777 billion and selling over VND 1,894 billion.

On the Hanoi Stock Exchange, at the close of trading, the HNX-Index stood at 237.88 points, down 0.35 points (-0.15%); the HNX30-Index fell 1.15 points (-0.22%) to 523.7 points. The total trading value reached over 700,000 billion VND.

It can be seen that the Vietnamese stock market just had a rather volatile trading session. Selling pressure wasn't too strong, and buying pressure wasn't very aggressive, causing the Vn-Index to fluctuate around the reference point. The banking sector stocks cooled down, causing the overall index to retreat to its starting point.

The Vietnamese stock market continues to face strong net selling pressure from foreign investors. Cumulatively since the beginning of 2024, the net selling value has reached approximately VND 64,000 billion, equivalent to USD 2.6 billion – a record high in the 24-year history of the Vietnamese stock market.

Previously, foreign investors continuously injected money into Vietnamese stocks through order matching and negotiated transactions on the stock exchange. The cumulative net purchase value at one point reached nearly 140,000 billion VND at the end of 2019.

An Ha

Source: https://www.congluan.vn/vn-index-tang-nhe-14000-ty-dong-duoc-sang-tay-post309852.html