The stock market continued its upward trajectory on August 12, with strong money flow. At the close, the VN-Index gained 11.36 points (+0.71%) to reach 1,608.22 points, surpassing the psychological threshold of 1,600 points. A downside was the foreign investors’ trading activities, as they aggressively net sold VND 726 billion across the market.
Similarly, securities companies’ proprietary trading activities resulted in a net sell position of VND 621 billion on the HoSE.
Specifically, securities companies offloaded MBB the most, with a net sell value of VND 265 billion, far surpassing other codes. This was followed by ACB and HPG, which were net sold VND 64 billion and VND 51 billion, respectively. Several other large-cap stocks also witnessed notable net selling pressure, including VIC (VND 47 billion), OPC (VND 37 billion), VNM (VND 33 billion), VHM (VND 33 billion), GMD (VND 29 billion), TCB (VND 23 billion), and STB (VND 22 billion).
On the other hand, FPT witnessed the strongest net buying with a value of VND 37 billion, followed by CTG (VND 16 billion) and VIX (VND 13 billion). Additionally, securities companies net bought PVD, GEX, DGW, HDB, NLG, VPB, and GEE, with values ranging from VND 5-10 billion.
VN-Index: Testing Old Peaks Before Aiming for New Heights at 1,800 Points
Based on mid-term trend analysis, factoring in money flow and amplitude, ABS predicts that the VN-Index has the potential to reach an optimistic target range of 1,792 – 1,864 points.
The VN-Index Rides High: What Investors Need to Know to Avoid Getting Caught in the Tide
“One of the key warning signs is the Relative Strength Index (RSI), when the RSI of the VN-Index basket exceeds the 30-40% threshold, the market has seen significant corrective waves, as witnessed in 2020, 2022, and most recently in 2023 and 2024,” the expert pointed out.
7 Stocks That Could Attract Over $1.1 Billion in Foreign Capital as Vietnam’s Market is Upgraded
The story of the market’s upgrade has an obvious silver lining: it could attract billions of dollars in foreign capital into Vietnam’s stock market.
The Stock Market Conundrum: Assessing the Valuation of Securities as VN-Index Hits 1,600 Points
Amid the stock market’s exuberance, market participants are left wondering whether securities firm stocks, which typically move in tandem with the broader market, remain attractively priced.
A Stock Market “Purple Patch” Peaks Ahead of Cash Dividend Rollout
Since the beginning of the year, this stock has witnessed a surge of over 40% in value, pushing its market capitalization to nearly $1 billion.
