The market maintained its optimistic sentiment at the start of the week on August 11th, following a positive week of gains. The VN-Index briefly surpassed the 1,600 mark during the session before narrowing its gains slightly, ultimately closing up 11.91 points (+0.75%) at 1,596.86. In terms of foreign investment, foreign investors continued their strong selling trend, with a net sell-off of 649 billion VND across the market.
Securities companies’ proprietary trading activities resulted in a net sell-off of 400 billion VND on the HoSE.
Specifically, securities companies offloaded STB the most, with a net sell value of 51 billion VND. This was followed by GEX and GEE, which both experienced net selling of 43 billion VND. Several other stocks also faced net selling pressure, including DXG (26 billion), NLG (22 billion), FRT (21 billion), DBC (19 billion), CTG (17 billion), BCM (17 billion), and ACB (5 billion VND).
On the buying side, MSN witnessed the strongest net buying, with a value of 72 billion VND. HPG and MWG followed with net buying values of 35 billion and 23 billion VND, respectively. Additionally, securities companies net bought HDG, FPT, NVL, LPB, MSB, DGC, and HDB, with values ranging from 3 to 10 billion VND.
The Billionaire’s Boom: A Tale of Soaring Success.
Thanks to MSN’s surge during today’s trading session (August 11), Nguyen Dang Quang, Chairman of Masan Group, saw his wealth increase by approximately $75 million, reaching a total of $1.2 billion according to Forbes data. This places him at a global ranking of 2,799th.
Stock Market Outlook for Tomorrow, August 12: Avoid Buying Stocks at High Prices
Despite the surge in stock prices, leading brokerage firms are urging investors to refrain from chasing stocks at these elevated levels. The recommendation is to exercise caution and avoid buying at these highs to mitigate potential risks.
“VPBank’s Expert Insight: VN-Index Enters a ‘Mega Uptrend,’ with a Prolonged Growth Tsunami Ahead.”
The market remains highly positive in the short term, bolstered by an incredibly robust flow of capital. Experts attribute this momentum to a confluence of factors, including favorable economic conditions and confident investors. This surge in liquidity has injected a sense of optimism into the market, with participants eagerly anticipating sustained growth.
What’s Attracting the Most FDI to Vietnam?
Foreign Direct Investment (FDI) disbursement in the first seven months of the year reached its highest level in five years. The significant shift of FDI inflows into Vietnam reflects international investors’ long-term expectations and confidence in the country’s sustainable economic development potential.
Stock Market Conquest: Breaking the 1,600-Point Barrier
The VN-Index successfully surpassed the 1,600-point threshold despite facing strong volatility during the trading session. However, the emergence of long-shadow candles with fluctuating volumes in recent sessions indicates investor indecision. At present, the Stochastic Oscillator continues to climb deeper into overbought territory. Technical fluctuations are likely to persist in the short term as the index ventures into new highs.
