Stock Market

The VN Index witnessed a net sell-off of 3.946 trillion VND, with a focus on matched orders, resulting in a net sell-off of 4.624 trillion VND.

The recent actions by Moody's and the proposed US tax legislation seem to have triggered a sell-off in US Treasury bonds and government bonds of several other major economies.

Today's liquidity across the three exchanges reached 28 trillion dong, indicating that money is still pouring in confidently at current price levels. The VIPs net sold 357.8 billion dong, and they net sold 412.6 billion dong in matching orders alone.

"Renowned market strategist Philip Streible of Blue Line Futures suggests that gold prices are facing a significant hurdle at the $3,350 per ounce mark. This pivotal level could dictate the precious metal's short-term trajectory."

The liquidity of the three exchanges today dropped to 1.82 trillion VND, with proprietary trading recording a net buy of 197.3 billion VND, of which matching orders accounted for a net buy of 210.2 billion VND.

The liquidity in many stocks suddenly contracted, with a notable decline of 45% in the VN30 blue-chip stocks compared to yesterday's morning session. Despite this contraction, the market didn't perform too badly, as funds continued to flow dynamically, and today it was the turn of securities stocks to take the lead.

"Following the transaction, Mr. Quan reduced his holdings to over 75.3 million shares, representing a 3.862% stake. Based on the closing price that day, the proceeds from the sale are estimated to be approximately VND 35 billion."

"As per the plans, ACV will allocate VND 7.13 trillion to the development investment fund, leaving approximately VND 14 trillion for dividend payout in shares. ACV expects to issue around 1.4 billion new shares, representing a ratio of 64.58% (for every 100 shares held, shareholders will receive 64.58 new shares)."

Compared to last weekend, spot gold prices surged over 5%, marking the strongest weekly gain since mid-April. The impressive rally pushed spot gold prices to nearly VND 5 million per tael...

The robust upward momentum witnessed right after the morning session opened today propelled the VN-Index into the March peak zone. However, this rally was solely driven by large-cap stocks. As these heavyweight stocks started to lose steam, the index gave back almost all of its gains, ending the day with a marginal increase of less than 1 point, despite being up nearly 16.5 points earlier.