The afternoon marked the settlement of Friday’s explosive market session on August 16th, with stocks surging. As the market continued its upward trajectory, the VN-Index gained 50 points across three sessions, allowing many investors who had placed orders on the 16th to reap profits.
Despite this, selling pressure wasn’t significant, and the momentum was further bolstered in the afternoon session, led by banking and real estate pillars. Inflows into the market also strengthened, with matched orders reaching 11,000 billion VND, nearly doubling the morning session’s volume.
The uniform recovery of large-cap banking stocks such as VCB, BID, and CTG significantly contributed to the VN-Index’s ascent. VCB, dubbed the “big brother,” added 2.7 points to the index and emerged as the most actively traded stock today. The uptrend was further reinforced by BID, CTG, and VPB.
Numerous real estate stocks hit the ceiling price.
Notable trading activities were observed in the real estate sector, with IDI, HPX, DXG, PDR, and FDC all reaching the ceiling price. Stocks like DXG and PDR witnessed strong buying pressure, with millions of shares still queued at the ceiling price by the session’s end.
The real estate industry was enveloped in green, accompanied by high liquidity in leading stocks such as VHM and DIG. VHM recorded transactions worth nearly 690 billion VND, closing 2% higher at 39,400 VND per share and ranking among the top three most actively traded stocks.
Alongside the real estate sector’s vibrancy, stocks in the materials and construction sectors also climbed. Contractors and construction companies like HTN, EVG, HHV, CTG, VCG, and FCN basked in green.
At the close of the trading session, the VN-Index climbed 10.93 points (0.87%) to 1,272.55. The HNX-Index advanced 1.3 points (0.55%) to 237.31, while the UPCoM-Index rose 0.38 points (0.41%) to 94.1. Liquidity rebounded, with matched orders on HoSE nearing 18,000 billion VND. Foreign investors also returned as net buyers, injecting nearly 310 billion VND, primarily into VCB, FPT, MWG, and DPM.
The Hanoi Stock Exchange (HNX) has added five stocks to the list of securities ineligible for margin trading: DIH of Construction and Trading Investment Development Joint Stock Company – Hoi An, TTH of Trading and Service Joint Stock Company Tien Thanh, WSS of Wall Street Securities Joint Stock Company, CET of HTC Holding Joint Stock Company, and KDM of GCL Group Joint Stock Company. The reason for this decision is that the companies’ audited semi-annual reports show negative post-tax profits for the first half of 2024 or negative retained earnings as of June 30, 2024.
Astonishingly high price for old and dilapidated apartment buildings reaching nearly 200 million VND/m2, rivaling the most luxurious condominiums in Hanoi
Old collective apartments with prices starting from 100 million VND/m2 are usually the first-floor units that can be used for commercial purposes, while the upper-floor units are priced at 60-80 million VND/m2 for residential purposes.
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%.
