The morning session ended with a total trading value of nearly VND 8.3 trillion on the three exchanges, higher than the same period yesterday and slightly higher than the 5-day average, indicating buying power as many stock prices are at better discounts.
Large-cap stocks, including VNM, GVR, GAS, FPT, and VCB, made significant contributions to the recovery. Among them, VNM led with an increase of nearly 1.7 points, accounting for more than 7.1 points of the top 10’s gain.
| Top 10 stocks impacting the VN-Index in the morning session of August 6 (as of 11:30 am) |
However, the significant contribution of large-cap stocks to the market’s gain also created additional concerns for many investors, as they expected a more balanced recovery across the market.
In terms of sectors, the food and essentials retail group recorded the strongest gain of more than 13%, followed by household and personal goods with an increase of nearly 3%. Sectors with high weightings in the index, such as real estate and banking, also posted slight gains.
In today’s upward movement, foreign investors net sold nearly VND 415 billion, with the strongest net selling in MWG and SSI, both at nearly VND 70 billion. On the other hand, VNM was net bought for more than VND 170 billion, but this lone effort was not enough to balance the market.
10:40 am: Recovery faces challenges
After a strong recovery in the early minutes, the VN-Index faced multiple challenges, leading to a significant narrowing of the gain, even turning red at one point.
As of 10:30 am, the VN-Index had gained 4.28 points to 1,192.35, while the UPCoM Index rose 0.29 points to 91.07. In contrast, the HNX decreased slightly by 0.02 points to 222.69.
Liquidity on the VN-Index was also higher than the previous session, with a trading value of nearly VND 6 trillion. The significant decline in the prices of many stocks in a short period has caused panic and sell-off among investors, but it has also attracted bottom-fishing funds.
In a market where the number of rising stocks (295 gainers and 14 at the upper limit) was balanced with the number of declining stocks (300 losers and 14 at the lower limit), large-cap stocks played a crucial role in the market’s gain.
On the VN-Index, the top 10 positive-impact stocks, led by FPT, GVR, and VNM, contributed more than 3.2 points, doubling the loss of over 1.6 points caused by the top 10 negative-impact stocks.
 Source: VietstockFinance
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Market Open: Regaining Green After Sharp Drop
The market sentiment showed signs of stabilization after the brutal drop on August 6. The VN-Index opened with a steep gain of over 12 points but later weakened.
Green dominated the market in the early session, with the financial, construction materials, and information technology sectors contributing to the VN-Index’s rise.
FPT is currently the stock with the most significant positive impact on the market.
At the market open, VNM continued to be net bought by foreign investors. As of today, foreign investors have net bought this stock for 12 consecutive sessions.
Investing in a volatile market: Should beginners consider putting money into high-yield bonds for 10-30% yearly profit?
Short-term stock market trading has proven to be a risky venture for many investors, leading to substantial losses. However, there are a few select open funds that have managed to achieve impressive returns, reaching up to 30%.
Bank stocks sold off heavily
Today (2/2), the VN-Index continues to rise, but in a cautious trading atmosphere. It is noteworthy that most banking stocks in the VN30 basket are facing strong selling pressure.
