The stock market recorded a positive trading session on August 21st. Bank stocks continued their strong upward trend, reaching new highs. The momentum was maintained and strengthened towards the end of the session, with the VN-INDEX closing 23.64 points (1.42%) higher at 1,688 points. However, foreign trading was a downside, with a strong net sell-off of VND 2,498 billion.
Securities companies’ proprietary trading continued to net buy with a value of VND 316 billion on the HoSE.
Specifically, ACB dominated net buying with an overwhelming VND 229 billion, far surpassing other codes. MWG ranked second with VND 79 billion, followed by FUEVFVND (VND 64 billion), OCB (VND 57 billion), HPG (VND 42 billion), GMD (VND 39 billion), VPB (VND 36 billion), SSI (VND 34 billion), E1VFVN30 (VND 24 billion), and GEX (VND 19 billion).
On the other hand, securities companies recorded the strongest net selling in SHB with a value of VND 87 billion, followed by MBB (VND 56 billion), VCG (VND 53 billion), STB (VND 44 billion), and FPT (VND 18 billion). Several other stocks also witnessed notable net selling, including NVL (VND 18 billion), KDH (VND 18 billion), VSC (VND 15 billion), TCB (VND 11 billion), and SAB (VND 8 billion).
The Bank Stock Blues
The domestic stock market ended the week with a significant drop in the VN-Index, the largest decline seen this month, shedding over 42 points. This development comes on the back of a heated rally in previous sessions, particularly in the banking sector.
MBS: Short-Term Adjustment Risks Rise, VN-Index May Retreat Below 1,600 Points by Late August
The market may enter a phase where “the index goes one way, and the portfolio another.” MBS observes this dichotomy amid record-high liquidity and substantial gains in leading stock sectors.
‘Hot’ Rumor-Driven Surge in Bank Stock Ahead of Alleged IPO
The VN-Index soared to new heights today, reaching a peak of 1,654 points. This remarkable surge was fueled by the strong performance of large-cap stocks, particularly the banking sector. VPB stood out with an impressive ceiling-high increase, while HDB also witnessed significant upward momentum during the trading day.
The Stock Sell-Off by Vietnamese Billionaires: VN-Index Plunges Over 40 Points
The stock market rout wiped out over 40 points from the VN-Index, with a slew of stocks belonging to Vietnam’s billionaire club taking a hit.
The Secret to Stock Market Success: Unveiling the Surprising Bank Stock Bought by Prop Trading
The proprietary securities firms continued their net buying streak on the HoSE, with a total value of 1,134 billion VND.
