As of 10:30 am, the VN-Index had climbed 4.28 points to 1,192.35, while the UPCoM also rose 0.29 points to 91.07. In contrast, the HNX witnessed a slight dip of 0.02 points, settling at 222.69.
Liquidity on the VN-Index surpassed the previous session, with transaction values nearing VND 6 trillion. The significant evaporation of many stocks’ value after a brief period has understandably caused panic and sell-offs, but it has also attracted bottom-fishing capital.
Amid a balanced market, with 295 gainers and 14 ceiling stocks versus 300 losers and 14 floor stocks, the large-cap stocks are making a substantial impact on the market’s upward movement.
On the VN-Index, the top 10 stocks with the most positive influence on the index, led by FPT, GVR, and VNM, contributed over 3.2 points, doubling the loss of more than 1.6 points caused by the top 10 negatively impacting stocks.
Source: VietstockFinance
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Opening: Regaining Green after Sharp Decline
The market sentiment showed signs of stabilization following the brutal drop on August 6th, with the VN-Index surging over 12 points at the opening bell before slightly losing steam.
The market was dominated by green early on, with financial, construction materials, and information technology stocks sporting green and pushing the VN-Index higher.
FPT is currently the stock making the most substantial positive contribution to the market.
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.
