Stock Market

The market weakened again during the weekend session, with a slight increase in trading volume on the two exchanges, up 5.5% from the previous day. Selling pressure was not intense, and buyers remained cautious, refusing to push prices higher and instead waiting for lower levels to enter. It appears that the "test" of supply and demand dynamics is still ongoing.

In just 48 hours, the global gold price plummeted, equivalent to a staggering loss of 1.9 million VND per tael, erasing all the gains made in the previous two days.

Individual investors net bought 687 billion VND on the weekend, with a net buy match order of 824.3 billion VND. The top net buys included FPT, MSN, TCB, HSG, DXG, VPB, VNM, VIX, VIC, and BID.

"A well-organized and professional trading firm need not aim for 8 million securities accounts; 5 to 6 million would suffice. However, what sets an exceptional firm apart is having half of those accounts held by institutional investors."

"Sai Gon - Ha Noi Securities Joint Stock Company (code: SHS) has unveiled its Q2 2024 financial report, boasting an impressive 94% year-over-year surge in operating revenue to VND 599 billion."

The volatile nature of the market has reared its ugly head once again, with a tumultuous trio of sessions to end the week pushing the VN-Index below its 20-day moving average (MA20). This marks the second consecutive week of declines, and technical analysts predict the index will likely test, and perhaps even breach, the lows witnessed in June.

Once upon a time, foreign investors knew Vietnam for its iconic cities of Hanoi and Ho Chi Minh City, offering tourism and business opportunities. However, lately, they perceive a lack of new and exciting elements to capture their interest in the country. While other markets seem to possess this allure, Vietnam needs to showcase its unique and captivating offerings to recapture the attention of foreign investors and present itself as a dynamic and vibrant destination once more.

The State Securities Commission has published a draft circular amending and supplementing certain provisions pertaining to securities trading regulations. This move is expected to have a positive impact on the process of upgrading Vietnam's stock market status.

This morning's domestic gold price (2/2) continues to rise stronger than the international price, heading towards the milestone of 79 million dong per tael...

Vietstock's statistical data shows the recent top gainers and losers in the stock market.