Stock market continues to increase - Photo: AI drawing
How did the stock market perform after surpassing the 1,400 mark?
Opening on the morning of July 8, VN-Index continued to maintain its upward momentum but active buying power weakened significantly towards the end of the session. Increased active selling pressure caused the index to gradually cool down, ending the morning session at 1,405 points, down 6 points from the session peak.
In the early afternoon session, the market was still in the green but more balanced as the number of stocks increased narrowed points. Near the end of the session, the market rebounded better when 23/30 large-cap stocks on the HoSE were all in the green.
After the breakout session on July 7, the banking group today slowed down with an increase of 0.5% across the industry. In which, TPB of TPBank was under pressure to correct by more than 1%. TCB, MBB, ACB returned to the reference zone. SHB alone continued to be in the top 10 strongest net purchases by foreign investors.
Steel, information technology, securities and Vingroup stocks continued to be the focus of the entire market, thanks to strong net buying from both foreign and domestic investors.
Notably, the steel group recorded extraordinary liquidity and active buying. In general, the four codes HPG (+4.66%), FPT (+0.6%), VHM (+3%), VIC (+0.32%) contributed significantly to the HoSE index today.
Information about tariffs in the region supported the industrial real estate and textile groups to increase strongly at the beginning of the session, both in price and liquidity. However, the increase quickly weakened towards the end of the morning session.
Meanwhile, the retail, food, insurance, transportation, and electrical equipment groups continued to trade less actively than the general level, with liquidity lower than the average of 5 sessions. Retail alone had a period of strong growth but could not maintain the results, turning back to decline.
Markets rally after latest developments from US tariffs
At the end of the session, VN-Index increased by nearly 14 points, reaching 1,415 points. Although the total transaction value was lower than yesterday, it still reached nearly 31,000 billion VND when combining all three floors. This reflects the return of excitement in cash flow, although active demand showed signs of caution when the index exceeded 1,410 points.
Another bright spot is that foreign investors maintain their net buying trend for the seventh consecutive session, with a net buying volume of VND1,500 billion. Foreign buying power was concentrated in the steel, securities, information technology, and banking groups, while net selling occurred in real estate, retail, construction, food, chemicals, aquaculture, electrical equipment, and transportation.
Mr. Donald Trump has just posted a series of letters announcing a tax rate of 25-40% that will be imposed on goods from 14 countries. In it, he mentioned a type of tax that many countries - including Vietnam - need to pay attention to, which is "industry tax".
The first two partners to receive notice from Mr. Trump was Japan and South Korea. Goods from these two countries exported to the US will be subject to a 25% tariff.
Trump then announced that the US would impose 25% tariffs on Tunisia, Malaysia, and Kazakhstan; 30% on South Africa, Bosnia and Herzegovina; 35% on Serbia and Bangladesh; 36% on Cambodia and Thailand; and 40% on Laos and Myanmar.
Vietnam is the third country, after the two superpowers of the United Kingdom and China, to reach a trade agreement with the United States in the past three months. Details of the agreement have not yet been announced and will need to be monitored during the upcoming negotiations.
However, speaking with Tuoi Tre Online, Mr. Nguyen Anh Khoa - director of analysis and research at Agribank Securities - said: all countries receiving tax letters from the US on July 7 will be subject to a tariff rate of 25%, including US military allies such as South Korea and Japan, as well as Vietnam's export competitors such as Thailand and Indonesia.
The tariff negotiation levels of the countries are being put forward by the Trump administration. Negative developments have not appeared, many indices such as NIKKEI 225 (+0.26%), STI (+0.54%), KOSPI (+1.81%), SHCMP (+0.7%). Only some indices decreased slightly such as TWSE (-0.3%), KLSE (-0.55%), SET (-0.36%).
Source: https://tuoitre.vn/khoi-ngoai-gom-hang-chung-khoan-tiep-tuc-tang-manh-vuot-xa-1-400-diem-20250708152538595.htm
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