The stock market continued its upward momentum on August 14th, with the VN-INDEX recording gains. It opened with a strong upward gap, targeting the 1,630-point range, experienced slight intra-day fluctuations, and ended with a significant increase. The VN-INDEX closed 29.09 points (1.81%) higher at 1,640.69 points. However, foreign exchange transactions remained a downside, with a sudden net sell-off of VND 2,409 billion.
Securities companies’ proprietary trading bought a net VND 189 billion on the HoSE.
Specifically, securities companies recorded the highest net selling in ACB, totaling VND 48 billion. This was followed by CTG (VND 44 billion), VIC (VND 28 billion), OPC (VND 26 billion), and BID (VND 25 billion). Several other stocks also witnessed notable net selling, including FPT (VND 23 billion), VCI (VND 14 billion), MBB (VND 11 billion), VNM (VND 11 billion), and HDB (VND 10 billion).
On the other hand, the FUEVFVND fund certificate dominated net buying with an overwhelming VND 180 billion, far surpassing other codes. HPG ranked second with VND 99 billion, followed by E1VFVN30 (VND 42 billion), MWG (VND 40 billion), VPB (VND 36 billion), GEX (VND 34 billion), TCB (VND 32 billion), VRE (VND 23 billion), GVR (VND 21 billion), and VIB (VND 17 billion).
The Stock Market Boom: Vietnam Leads the Global Race
Over the past three months, no stock market index in the world has outperformed the VN-Index.
Market Beat: Profit-Taking Pressure Mounts, VN-Index Retreats
The selling pressure intensified, causing key indices to plunge into the red at the end of the morning session. By the mid-session break, the VN-Index hovered near the reference level, settling at 1,639.45 points; while the HNX-Index posted a 0.93% loss, landing at 282.49 points. The decline intensified, with 540 declining stocks outweighing 207 advancing ones.
Market Beat: VN-Index Hits New High of 1,640
The VN-Index closed the August 14th session with a significant gain of nearly 30 points, despite some late-afternoon volatility. It soared to a new record high of 1,640.69 points. The HNX-Index also witnessed a robust surge of almost 5.5 points, climbing to 285.15.
The 9 Vietnamese Stocks Added to the MSCI Frontier Markets Small Cap Index
MSCI has announced the results of its Q2 review, with the MSCI Frontier Markets Small Cap Index undergoing a significant reshuffle. The index added 28 securities and removed 11. Vietnam dominated the additions with nine new stocks included, while only two were removed.
Technical Analysis for August 14: Optimism Persists
The VN-Index and HNX-Index both climbed in the morning session, but the lack of significant improvement in liquidity revealed the prevailing cautious sentiment among investors.
