The Ho Chi Minh Stock Exchange (HoSE) witnessed a slight rebound, but the market still experienced a disconnect between the index and individual stock performance. Among the 235 declining stocks, the VN-Index’s recovery was largely driven by a few VN30 constituents.
Vingroup’s stocks continued to play a leading role in market performance. VIC, in particular, surged to the ceiling price of 45,100 VND per share, with no sellers. This upward momentum followed news of Vingroup’s proposed 6 billion USD project in Hau Giang Province.
Both domestic and foreign investors actively invested in VIC, making it the third most bought stock, with a value of more than 64 billion VND (following FPT and MWG). Other Vingroup stocks, VHM and VRE, also experienced price increases.
Real estate stocks shone in today’s session.
The real estate sector also witnessed positive sentiment, with many stocks trading in the green, including DXG, NVL, TCH, HQC, KBC, and NLG. This group outperformed the broader market, while influential and liquid sectors like banking and securities lacked consensus.
Large banking stocks like VCB and BID were among the most negatively traded, followed by steelmaker HPG and securities firm SSI. SSI closed 1.6% lower as the son of Chairman Nguyen Duy Hung sold his entire holding in the company.
According to a report on SSI stock transactions, Mr. Nguyen Duy Linh has completed the sale of over 47.1 million SSI shares (equivalent to 3.11% of charter capital) through matched transactions to meet personal financial needs. This took place from August 19 to 23, utilizing the matched transaction method.
At the close, the VN-Index rose 0.54 points (0.04%) to 1,280.56 points. The HNX-Index fell 0.06 points (0.03%) to 238.91 points, while the UPCoM-Index dropped 0.01 points (0.01%) to 94.15 points. Liquidity weakened, with HoSE’s matched order value falling to 14,400 billion VND. Foreign investors net sold nearly 260 billion VND, focusing on TLG, HPG, VPB, and FRT.
Be wary of suspicious calls inviting investment in securities
The State Securities Commission of Vietnam has issued a warning about securities investment scams on social media. Recently, some individuals have been posing as employees of securities and fund management companies, calling people to offer investment opportunities. These individuals invite people to join forums or groups on social media to receive investment advice or transactions or ask them to download and install certain apps.
If you have any doubts or come across individuals impersonating securities or fund management company employees, providing false information, or engaging in fraudulent activities, please report them to the authorities immediately for handling in accordance with the law.
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.
