Vietnam stocks unexpectedly increased very strongly, nearly 33 points

The Vietnamese stock market recorded an impressive recovery in the morning trading session on August 4, with the VN-Index increasing by more than 12 points.

This increase was mainly due to the strong pull from real estate stocks, especially those in the Vingroup ecosystem. In which VIC continued to hit the ceiling.

Although the score increased, if considered by industry group, the market had certain differentiation when there were still 8 industry groups that decreased in the morning session such as technology, energy, insurance, essential trade...

On the contrary, in the group of gainers, the real estate group led the way when not only pillar stocks like VIC, VHM but also midcap stocks like NVL also attracted strong cash flow.

The electricity sector recorded positive growth with POW, NT2 and GEG codes rising with active trading volume, supported by net buying from foreign investors.

Besides, the seafood group with representatives such as ANV and VHC continues to attract attention in the context of increasing expectations of export recovery.

Fertilizers with DCM and DPM also showed signs of slight recovery after the adjustment period, while industries such as construction, materials and communications contributed to the bright picture of the morning session, with the notable name being YEG.

In the afternoon session, the market traded more positively and unanimously as more industry groups increased. Cash flow poured into buying stocks, causing the total value of all three floors as of 3 p.m. to reach nearly VND47,000 billion.

Market breadth was clearly positive with nearly 500 stocks increasing in price and 44 stocks hitting the ceiling. On the contrary, there were only 250 stocks decreasing in price and 8 stocks hitting the floor.

Thanks to that, all three indices were covered in green, of which: VN-Index increased by nearly 33 points (2.21%), HNX-Index (1.29%), UpCOM Index (0.66%).

The top 10 stocks contributing the most to the increase in the VN-Index are still familiar names such as VIC, VHM, TCB, VCB, CTG, BID, VPL,SHB , VPB.

On the contrary, PNJ, GEE, BSR,FPT , HHS, BHN... are under pressure to adjust, pulling down the index.

Regarding the cash flow trend, foreign investors continued to net sell strongly with a total value of nearly 300 billion VND. Of which, SSI was the stock with the most net selling with a scale of up to 394 billion VND, followed by VHM (-169 billion VND), FPT (-109 billion VND), HPG (-106 billion VND)...

However, foreign demand is still present in some specific codes such as GEX, NVL and the "duo" SHB, SHS continues to be net bought.