Stocks continuously reverse, VN-Index drops historical high

At the beginning of the trading session this afternoon, August 5, the VN-Index increased by nearly 57 points, reaching a historical high of 1,584.98 points. However, immediately after that, the VN-Index fell below the reference zone, decreasing by more than 9 points.

At the end of the trading day, the VN-Index increased by 18.96 points to 1,547.15 points. On the HNX floor, the HNX-Index decreased by 2.22 points to 259.24 points. The UPCOM-Index increased by 0.34 points to 107.5 points.

Market transactions were vibrant, liquidity exploded with more than 2.77 billion shares changing hands on HoSE, worth more than VND78,000 billion, setting a new record for liquidity. Combined across all three exchanges, the total transaction value reached VND82,500 billion, of which the matched value was nearly VND77,000 billion (approximately USD3 billion).

On HoSE, the green color was uneven as the number of stocks decreasing was nearly double the number of stocks increasing. The whole market recorded 467 stocks decreasing in price, while only 329 stocks increased and 202 stocks kept the same price.

The stock market continuously reversed, VN-Index reached an unprecedented peak.

The VN30 basket recorded 19 stocks increasing/9 stocks decreasing. On the uptrend side, only MBB kept its purple color at the close, with more than 71 million units matched.

The trio of "Vin family" stocks including VRE, VIC, and VHM continued to play a pivotal role in the upward trend of the VN-Index, with a total contribution to the VN-Index of nearly 11 points.

Banking stocks continued to be the main support for the market despite strong differentiation at the end of the session. Most notably, MBB hit the ceiling, while many other stocks also traded positively such as TPB (+5.1%), TCB (+4.7%), STB (+3.4%), BVB (+2.1%), CTG (+1.9%) and BID (+1.8%).

Foreign investors continued to net sell significantly with more than 2,500 billion VND on HOSE. Their transactions continued to spike at VIC, with a net selling value of more than 2,890 billion VND.

The focus of "collecting" goods in today's session was recorded at HPG with a net purchase value of nearly 1,100 billion VND. Foreign capital also disbursed net purchases of MWG, VCB, BID, MSN, VRE... On the contrary,SHB , VPB, VHM or FPT were under net selling pressure from foreign investors.