The market continued its positive momentum from the previous session, with a strong performance on August 19. VN-INDEX opened with a bullish gap and gained significant traction in the afternoon session. It closed up 17.83 points (+1.09%) at 1,654.20. Contrary to the broader market trend, foreign investors offloaded Vietnamese shares, net-selling a substantial 1,518 billion VND today, marking the ninth consecutive session of net-selling.
Brokerage firms, however, remained net buyers with a value of 1,134 billion VND on the HoSE.
Notably, VPB witnessed overwhelming net buying, amounting to 861 billion VND, far surpassing other stocks. MSN followed with 125 billion VND, then FUEVFVND (91 billion), VHM (62 billion), VIC (61 billion), HPG (58 billion), MWG (55 billion), LPB (38 billion), MBB (35 billion), and VJC (27 billion VND).
On the other hand, securities companies offloaded TCB the most, with a net sell value of 296 billion VND. SSI followed with 70 billion VND, then KBC (19 billion), ACB (18 billion), and PNJ (16 billion VND). Several other stocks experienced notable net selling, including GMD (10 billion), IJC (6 billion), PC1 (5 billion), NVL (5 billion), and NLG (4 billion VND).
“The Billion-Dollar Pyn Elite Fund: Why 2025 Could be a Landmark Year for Stock Markets”
According to the Pyn Elite Fund, this could be a “Big Year” for stock market performance, based on the current fundamentals. The fund manager also highlights seven compelling reasons why a “Big Year” is feasible at this juncture.
Stock Market Outlook for August 21: A Potential Buying Opportunity for Bank and Retail Stocks
“(NLĐO) – Investors may want to keep an eye out for opportunities during the session on August 21st. Any dips in the market could present a strategic moment to invest in stocks that are attracting attention and funds. Sectors to watch include banking, retail, and securities.”
The Stock Market Plunge: VN-Index Takes a Hit with a Massive 42-Point Drop
The stock market witnessed a dramatic turnaround as several stocks that had surged or even hit their ceiling in the previous session took a sharp downturn, plunging to their daily lows.
The Downturn’s Disappointment: FPT and DGC Slip Below the 100,000 VND Mark in a Day
The stock market party has been exclusive, with stocks like FPT and DGC missing out on the rally.
“Buy on a Market Peak: A Safer Bet Than Buying on a Dip, Say VPBankS Experts”
The experts suggest that, at present, with a P/E of just 15, the market would need to surge by a further 20% to reach its peak, assuming profits remain static.
