Session 29-8: VN-Index continues to increase, foreign investors sell strongly

On the Ho Chi Minh City Stock Exchange, the VN-Index surpassed 1,690 points at one point, approaching the 1,700-point mark, but increased supply slowed down the market's upward momentum. Notably, near the end of the session, the market briefly turned red and then quickly rebounded.

Bank stocks cooled down but still supported the market on August 29. Screenshot

Closing the market, VN-Index stopped at 1,682.21 points, up 1.35 points (0.08%); VN30-Index increased 4.18 points (0.22%), to 1,865.38 points. This is the 4th consecutive increase of the market.

In today's session, large stocks performed inconsistently. Initially, some pillar stocks of the real estate group decreased in price while banking stocks became the market leader. Then, banking stocks also cooled down.

Of the 10 stocks with the largest market capitalization, only 4 increased in price, 1 remained unchanged, and the rest were all in red.

Market breadth was not too positive with 173 green codes/149 red codes. In the VN30 group, the number of codes increasing and decreasing in price were 13 codes and 15 codes respectively.

The industry groups decreased slightly; in which, software and services, commercial and professional services, media and entertainment all decreased by more than 2%.

On the other hand, the securities group still performed the most positively in the market, being the only group to increase by more than 2%. This group also achieved good liquidity in the session with 4 codes in the group with the highest transfer value, of which VIX led the market with nearly 2,500 billion VND transferred.

Banking stocks provided the most support to the market this session, with 7 stocks among the 10 stocks contributing the most. VPB led with more than 1.9 points; followed by HDB (0.8 points), MBB (0.79 points).

On the other hand, VIC took away 1.6 points,FPT (1.12 points), VCB (nearly 0.8 points)...

Liquidity is at approximately 45,000 billion VND. Foreign investors are net sellers. This group bought more than 3,052 billion VND and sold nearly 6,670 billion VND.

On the Hanoi Stock Exchange, at the close, the HNX-Index stopped at 279.98 points, up 3.35 points (1.21%); the HNX30-Index reached 619.65 points after gaining 9.21 points (1.51%). The entire floor had 3,200 billion VND changed hands.

Source: https://hanoimoi.vn/phien-ngay-29-8-vn-index-tiep-tuc-tang-khoi-ngoai-ban-manh-714496.html