In the trading session on August 9, the Vietnamese stock market performed quite positively thanks to the recovery of most pillar stocks, including FPT of Mr. Truong Gia Binh and the banking group.

At 2:00 p.m., FPT shares increased by VND4,800 to VND126,200/share.

Bank stocks also increased sharply. BIDV Bank (BID) increased by VND900 to VND46,900/share; Vietinbank (CTG) increased by VND1,150 to VND31,350/share; HDBank (HDB) of female billionaire Nguyen Thi Phuong Thao increased by VND650 to VND25,600/share...

Securities stocks also increased quite strongly. SSI Securities (SSI) increased by 1,400 VND, to 31,400 VND/share.

However, the group of stocks owned by billionaire Pham Nhat Vuong turned down after two sessions of strong increases. As of 2:08 p.m., Vinhomes (VHM) shares fell by VND400, down to VND37,200/share; Vingroup (VIC) fell by VND500, down to VND41,300/share. Vincom Retail (VRE) fell by VND100, down to VND17,550/share.

As of 2:10 p.m., the VN-Index increased nearly 16 points to 1,224 points.

At the end of the trading session on August 9, the VN-Index increased by 15.32 points (+1.27%) to 1,223.64 points. The HNX-Index increased by 1.175% to 229.38 points.

FPT shares increased by VND5,500 to VND126,900/share. Vinhomes shares (VHM) decreased by VND400 to VND37,200/share; Vingroup (VIC) decreased by VND600 to VND41,200/share; Vincom Retail (VRE) decreased by VND150 to VND17,500/share.

Previously, in the session of August 7, the group of stocks of billionaire Pham Nhat Vuong increased sharply. Vinhomes (VHM) shares even hit the ceiling after Vinhomes announced plans to buy 370 million VHM shares, equivalent to 8.5% of the company's total outstanding shares.

In the next session, on August 8, Vinhomes shares also performed positively.

However, strong selling pressure from foreign investors and domestic investors in the previous two sessions and today, August 9, caused this stock to reverse and decrease.

The stock market today is generally positive with selling pressure decreasing across the board. However, demand is not high, leading to low liquidity. As of 2:15 p.m. on the HOSE, only about VND11,700 billion worth of shares were transferred.

The stock market performed positively as investor sentiment gradually stabilized after concerns from previous negative developments in the international and domestic financial markets.

The news that US stocks rebounded in the session of August 8 (early morning of August 9) had a positive impact on investor sentiment.

The broad-based S&P 500 index rose 2.3% to 5,319 points in the last session, its biggest gain since November 2022. The positive labor data boosted investor confidence in the US economy after a sharp market sell-off earlier this week. The Dow Jones Industrial Average rose nearly 1.8%. The tech-heavy Nasdaq Composite Index rose nearly 2.9%.

Domestically, cash flow into the stock market is not strong. Foreign investors still tend to be net sellers. However, domestic selling pressure is not large. Therefore, most stocks benefit and increase in price.

FPT shares of Mr. Truong Gia Binh increased quite strongly in the context that this corporation still benefits from software export activities as well as cooperation with the world's largest technology enterprises.

The artificial intelligence (AI) fever that took the technology and stock markets by storm at the beginning of the year globally has caused FPT shares to surge, helping FPT become the largest private enterprise on the stock exchange.

Now, this wave is no longer big but is still enough to help FPT absorb cash flow every time the stock price falls.

On August 9, Prime Minister Pham Minh Chinh signed a decision to establish the National Steering Committee for Semiconductor Industry Development. The Steering Committee is responsible for researching, advising, recommending, and proposing directions and solutions to promote the development of the semiconductor industry in Vietnam; directing and coordinating between ministries, ministerial-level agencies, government agencies, and relevant agencies and organizations to promote the development of the semiconductor industry in Vietnam.

This is considered positive information for Mr. Truong Gia Binh's FPT.

Many investors are also interested in the news that the State Securities Commission (SSC) is about to finalize revised policies to help upgrade Vietnam's stock market from frontier to emerging.

According to SSI Research, the stock market fluctuated more strongly in the first sessions of August when new risk variables appeared. However, the exchange rate risk has gradually decreased and the profit growth in the second quarter... will support the stock market.

MBS Securities commented that although domestic consumption is still gloomy, and inflation in the second half of 2024 is still risky, it is still under control.

On the other hand, SSI Research recommends investors to monitor signs of recession in major economies. This is considered a factor that could affect Vietnam's recovery process.

Some investors are also concerned about the increase in interest rates, including deposit interest rates, which could affect the business results of listed enterprises in the coming time, as well as reduce cash flow into the stock market.

Gold, stock, USD, bitcoin prices plummet: The strangest thing is happening The market is witnessing a rare phenomenon when most assets plummet, stock exchanges collapse, USD drops sharply, gold prices fall freely... This development is contrary to the usual rule: When USD increases, gold decreases and vice versa.