Stock Market

The market witnessed an unprecedented flash crash this afternoon, with a sudden shift from euphoric highs for banking stocks to a panicked sell-off across the board. This volatile swing, absent any lingering negative news, suggests a seismic shake-up, as previous wide-range sessions had consistently trended in one direction.

The market witnessed a spectacular rebound today, interrupting what seemed to be a downward spiral. Bank stocks performed reasonably well, but they couldn't prevent the VNI from ending the session in the red. With derivatives expiry approaching, it appears that the market lacks the necessary momentum to stage a significant rally.

The market lacked the liquidity to sustain prices after yesterday's positive bottom-fishing and reversal. The VN-Index briefly turned green but soon plunged into the red, weakening as the session drew to a close. The breadth saw decliners outpace advancers by a ratio of 2.6 to 1, while turnover remained high, confirming intensified selling pressure.

The market took a shocking turn during the final minutes of today's continuous matching session. In a 20-minute window, the VN-Index swung 2.73%, translating to over 34 points. Plunging as much as 25 points, it closed at a loss of 12.52 points, showing a slight recovery. This outcome is still surprising, with decliners outnumbering advancers 3.4 to 1, and a staggering 26 stocks hitting the floor price.

Individual investors net-bought VND 2,596.6 billion, of which they net-bought VND 3,083.4 billion in stocks.

Some experts predict that if former US President Donald Trump is re-elected, his economic policies could bode well for the price of gold. With his unique approach to trade and fiscal policy, Trump's potential second term could have a significant impact on the precious metal's value. His policies have often been a topic of discussion among economists and investors, and their effects on the global economy could create an interesting dynamic for gold prices. As we approach the election, all eyes are on how a Trump victory could shape the future of gold and the broader financial markets.

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."