Stocks tomorrow, August 1: Vingroup and banking stocks may continue to put pressure

(NLDO) - Stock codes in the Vingroup and banking groups will be the main factors putting pressure on the market in the trading session on August 1.

At the end of the session on July 31, VN-Index closed at 1,502.52 points, down 5.11 points, equivalent to 0.34%.

Following the recovery momentum of the previous session, the VN-Index opened the morning session of July 31 with an increase of more than 14 points. Banking stocks continued to play a major role in supporting the general index. However, the appearance of stock supply caused the market to weaken and fluctuate around the reference level before being completely submerged in red after 10 o'clock.

VN-Index shakes, pressure from Vingroup stocks

The adjustment pressure from large-cap stocks, typically Vingroup stocks (VIC, VHM, VRE) and the reversal in most banking stocks were the main reasons for the fluctuations in the VN-Index. In the context of red dominating, some individual stocks such as PC1, KBC, SHB still attracted impressive cash flows.

In the afternoon session, VN-Index narrowed the decline thanks to the efforts of some blue-chips and the recovery of mid-sized stocks. Notable in the session were stocks in the Real Estate - Industrial Park, Securities and Rubber groups with VIX increasing by 6.64%, HDC and AGG hitting the ceiling, GVR increasing by 2.03%, and SZC increasing by 4.01%. Foreign investors sold strongly in the session with a total value of VND 1,922 billion, focusing on selling CTG, VPB, FPT .

At the end of the session, VN-Index closed at 1,502.52 points, down 5.11 points, equivalent to 0.34%.

Vietcombank Securities Company (VCBS) believes that the VN-Index will continue to test momentum in the area around the 1,500-point mark before returning to an upward trend.

"Investors can invest in stocks that are attracting cash flow during market fluctuations" - VCBS recommends.

Some other securities companies predict that large-cap stocks, especially those in the Vingroup and banking groups, will be the main factor putting pressure on the VN-Index in the trading session on August 1. However, the recovery of mid-cap stocks, especially in the Real Estate - Industrial Park, Securities and Rubber sectors, shows that speculative cash flow is active, creating opportunities for investors to consider disbursing.

Source: https://nld.com.vn/chung-khoan-ngay-mai-1-8-nhom-co-phieu-vingroup-ngan-hang-co-the-con-gay-suc-ep-1962507311657454.htm