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Market Beat Aug 01: Caution Creeps In, VN-Index Wobbles at 1,500 Mark

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The trading session concluded with the VN-Index shedding 7.31 points (-0.49%), settling at 1,495.21. Likewise, the HNX-Index witnessed a decline of 1.41 points (-0.53%), closing at 264.93. The market breadth tilted towards decliners, as 423 stocks closed in the red versus 366 advancers. The VN30 basket echoed a similar sentiment, with 15 stocks losing ground, 10 advancing, and 5 remaining unchanged.

The Vietstock Daily: Record-Breaking Volumes Signal a Market Turnaround

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The VN-Index plummeted over 64 points, accompanied by the emergence of a Black Marubozu candlestick pattern. Trading volume surged to a record high, and the number of declining stocks far outweighed those advancing, clearly reflecting the widespread panic and selling pressure across the market. As of now, the Stochastic Oscillator has given a fresh sell signal within the overbought region. Concurrently, the MACD is narrowing its gap with the Signal line, and the outlook will turn even more pessimistic if a sell signal is confirmed in the upcoming sessions.

Market Beat July 22: VN-Index Surges Past 1,500

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The market rallied in the latter half of the morning session and sustained its upward momentum until the end of the trading day. The VN-Index soared past the 1,500-point mark, closing at 1,509.54—a gain of over 24 points. The HNX-Index also saw a boost, rising by 2 points to close at 247.85.