The stocks in the VN30 basket are seeing a tilt towards the red. Notably, TCB, HDB, VPB, and HPG are leading the decline, deducting 0.91, 0.85, 0.71, and 0.69 points from the VN30 index, respectively. On the flip side, VHM, VIC, VRE, and GAS remain in the green, contributing over 6 points to the index.
Source: VietstockFinance
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Real estate stocks stood out with their strong performance from the market open. Specifically, in the retail real estate sector, VRE surged 6.18%, while residential real estate stocks like VHM hit the daily limit-up, VIC rose 3.27%, NVL climbed 1.32%, and DXG inched up 0.39%. The remaining stocks in the sector mostly held steady, with a few still facing mild selling pressure, including PDR, HDG, NTL, and DTD.
Following closely, the telecommunications services sector also contributed to the market’s upward momentum, with most stocks in the sector trading higher. VGI led the gains, rising 1.44%, followed by CTR (+0.34%), TTN (+1.4%), and MFS (+1.37%).
Meanwhile, the discretionary consumer sector presented a mixed picture, with some stocks posting slight losses. MWG dipped 0.48%, PLX fell 0.53%, PNJ declined by 0.63%, and TCM slipped 0.22%.
As the session progressed, the market continued to witness a tug-of-war between buyers and sellers, with a large number of stocks (over 1,000) trading around the flatline. However, buyers appeared to have a slight edge, as the number of advancing stocks outnumbered declining stocks. More than 300 stocks advanced, while over 260 stocks retreated.
Source: VietstockFinance
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Market Open: Holding on to Mild Gains
As of 9:30 am on August 7, the VN-Index had climbed over 5 points to reach 1,215.85, while the HNX-Index slipped slightly to 226.44.
The majority of sectors were painted in green, with several large-cap stocks posting strong gains from the get-go. VHM soared to the daily limit-up of 6.9%, VRE jumped 6.18%, VIC climbed 4.84%, BID rose 0.64%, and GAS advanced 1.42%.
The big winners, VHM, VIC, and VRE, propelled the market higher, contributing over 4.5 points to the indices. On the flip side, VCB, CTG, and ACB topped the list of stocks dragging the market lower, but their collective impact was limited to a loss of slightly over 0.5 points.
Real estate stocks maintained their steady growth trajectory from the market open, with notable gainers including VHM (+6.9%), VRE (+6.18%), VIC (+4.84%), DIG (+1.32%), and KBC (+1.42%) […]
Ly Hoa [Translated by AI]
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.
