Stock Market

The VN-Index and HNX-Index both climbed, with a slight uptick in trading volume during the morning session, indicating a shift in investor sentiment towards optimism.

The market is attempting to rebound after yesterday's steep decline, with impressive gains across the board. The VN-Index led the charge, climbing 10.22 points to 1,198.29, followed by the HNX, which rose 0.67 points to 223.38, and the UPCoM, which gained 0.41 points to reach 91.20. This recovery was accompanied by a significant surge in trading volume, indicating the presence of bottom-fishing buyers.

The VN-Index faced a challenging day, with an initial strong recovery that soon faced headwinds, resulting in a notable narrowing of gains and even a brief dip into negative territory.

The UPCoM market in July 2024 witnessed a lackluster performance, with a significant decline in both the prices and trading volumes of stocks. In contrast, there was a slight increase in foreign investor transactions.

"Fear gripped investors, and they offloaded anything they could, including gold and silver."

The P/E ratio for the VN-Index is estimated to be 11.7 times for 2024, a relatively attractive figure compared to the five-year average of 13.7 times.

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The downward spiral continued into the afternoon session, with the VN-Index plunging below the 1,200-point mark. It was a session to forget for the domestic stock market as nearly 140 stocks hit their floor prices.

"Unveiling the top-performing and worst-hit tickers from recent trading sessions, as per Vietstock's statistical insights. Discover the stocks that are making waves and those that are lagging, as we delve into the latest data and uncover the stories behind these movements."

The VN-Index's tumultuous relationship with the 1,200 mark is a tale as old as time for Vietnamese stock investors.