Vn-Index increased slightly, 14,000 billion VND was transferred

After the opening session this morning, some pillar stocks increased in price, helping the VN-Index to appear green, at one point increasing by more than 6 points, approaching 1,290 points. However, after reaching that level, increased supply caused the market to slow down.

At the end of the morning session, the Vn-Index increased by 4.73 points to 1,286.17 points. In the afternoon session, the supply was somewhat stronger, causing the Vn-Index to show red at times and then quickly increase again. Near the end of the session, some banking stocks increased more slowly, so the representative index of the floor almost showed red again.

Closing the market session today (August 29), the Vn-Index increased slightly by 0.03 points, stopping at 1,281.47 points; the VN30-Index increased by 3.13 points (0.24%), to 1,326.67 points. Declining stocks dominated with 214 stocks going down and 174 stocks going up.

The Vietnamese stock market just had a rather volatile trading session (illustrative photo).

In the VN30 group, the number of codes increasing and decreasing in price were 12 codes and 14 codes, respectively. The biggest contributor to the VN-Index in this session was VHM with approximately 0.65 points; followed by VCB with nearly 0.55 points.

On the other hand, BID took away the most points with 0.41 points, followed by GVR (0.33 points), GAS (0.22 points). The number of sectors that increased and decreased in points was equal and the increase and decrease were not too strong.

On the Ho Chi Minh City Stock Exchange, a total of only VND14,000 billion was traded, down from yesterday's low of VND16,300 billion. Foreign investors continued to be net sellers. This group bought more than VND1,777 billion and sold more than VND1,894 billion.

On the Hanoi Stock Exchange, at the end of the session, the HNX-Index stopped at 237.88 points, down 0.35 points (-0.15%); the HNX30-Index decreased 1.15 points (-0.22%), down to 523.7 points. The total transaction value reached more than 700,000 billion VND.

It can be seen that the Vietnamese stock market has just had a rather volatile trading session. The selling pressure is not too strong combined with the buying pressure is not very strong, causing the Vn-Index to "stumble" around the reference point. The group of banking stocks cooled down, causing the general index to fall back to the starting line.

The Vietnamese stock market is still under strong net selling pressure from foreign investors. Accumulated from the beginning of 2024, the net selling value reached approximately VND 64,000 billion, equivalent to USD 2.6 billion - a record high in the 24 years of operation of the Vietnamese stock market.

Previously, foreign investors had a period of continuously pumping money to buy Vietnamese stocks through order matching and agreements on the stock exchange. The cumulative net purchase value at one point reached nearly VND140,000 billion at the end of 2019.

An Ha

Source: https://www.congluan.vn/vn-index-tang-nhe-14000-ty-dong-duoc-sang-tay-post309852.html