The Stock Market Shudder Before the Holiday Lull

Today's trading session (August 28th) witnessed domestic stocks continue their volatile trend. Despite the VN-Index posting gains, investor sentiment turned cautious, resulting in a sudden drop in market participation.

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The VN-Index overcame the tremors and continued its upward trajectory. It was strongly supported by the banking and securities sectors, while large-cap stocks exhibited a clear divergence.

On the positive side, stocks such as VPB, TCB, SSI, MWG, LPB, SHB, HPG, and CTG significantly contributed to the index’s gain. VPB and TCB, in particular, added more than 1 point to the VN-Index. SHB stood out with a remarkable liquidity, matching over 152 million units, followed by HPG with more than 63 million, and SSI with nearly 55 million shares.

In contrast, VIC acted as the strongest drag, taking away nearly 2 points from the index. Additionally, large-cap stocks like BID, STB, MBB, VCB, and FPT witnessed declines, exerting pressure on the market.

Vietnam’s stock market continues to experience volatility.

Despite the VN-Index maintaining its green status, liquidity significantly decreased compared to previous sessions, indicating a cautious sentiment among investors. Only five stocks surpassed the thousand-billion VND mark, belonging to the banking, securities, and steel industries, with HPG as the sole representative of the latter. SHB led today’s liquidity with 2,767 billion VND, followed by SSI and VIX, both surpassing 2,000 billion VND.

Securities stocks remained attractive to investors, with TVB, ORS, APG, and TCI reaching the ceiling price. VIX witnessed an increase in both share price and liquidity following the news of its 15% contribution to the establishment of a digital asset exchange with a chartered capital of 1,000 billion VND.

ORS of Tien Phong Securities (ORS) was removed from the warning list on HoSE starting today (February 28, 2025). This came after the company’s audited semi-annual financial statement for 2025 received an unqualified opinion from the auditing organization.

Previously, ORS had been placed on the warning list due to an exception raised by the auditing organization in the 2024 financial statement regarding a service fee receivable of over 28 billion VND as of December 31, 2024.

At the closing bell, the VN-Index climbed 8.08 points (0.48%) to 1,680.8 points. The HNX-Index rose 0.25 points (0.09%) to 276.63 points, while the UPCoM-Index gained 0.68 points (0.62%) to reach 110.6 points.

Market liquidity weakened, with the trading value on HoSE exceeding 34,422 billion VND. Foreign investors continued to net sell, offloading over 2,681 billion VND, focusing on stocks such as HPG, MSB, MBB, STB, and SSI.

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