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The Tired and Weary: Bank Stocks Stumble and Stall

Although the VN-Index managed to escape the flash drop towards the end of today's afternoon session, it only gained a meager 3 points at the close, confirming a significant slowdown in momentum. Selling pressure did not show any signs of strength, but the lack of price-chasing by investors caused the red to spread wider...

The Astonishing Foreign Sell-Off: A Whopping $2.1 Billion

The market witnessed a sharp downward spiral this morning, with the initial positive momentum quickly fading away. VN-Index plunged by almost 10 points, and the breadth flipped rapidly, indicating a significant surge in selling pressure. This was evident in the 23% increase in HoSE's trading volume, with foreign investors offloading a substantial 2,136 billion VND, resulting in a net sell-off of 1,921 billion VND on the HoSE floor.

The Flow of Funds: Liquidity at Year’s Low, Is the Market’s Rise in Doubt?

The VN-Index surprised everyone with a full week of gains in the first 5 trading sessions of 2024. With a rise of 3.03% (+37.73 points), it marked the best performance in 17 weeks. What's truly astonishing is that the average matching value on the HoSE floor didn't even reach 1.32 trillion VND per day, the lowest it's been since the final week of 2023.

The Rubber Tree’s Retreat: A Strategic Divestment

DRG's resolute move to offload nearly 22.4 million registered DRI shares is a strategic step towards their broader capital divestment plans.

Sure, I can assist with that. ### Be Wary of Public Wifi: A Word...

The central bank advises the public to refrain from using public computers and Wi-Fi networks when accessing electronic banking systems. When conducting online shopping and payments, individuals should only use trusted websites that display clear contact information.