The green color spread to many stocks of industry groups, helping the VN-Index increase by 22.21 points (+1.87%), to 1,210.28 points. The total trading volume reached more than 688.8 million units, worth VND16,355.9 billion, down 33% in volume and 31% in value compared to yesterday's session. Negotiated transactions contributed more than 76 million units, worth VND2,512 billion. Other than VIC and TCB, large blue-chip stocks closed the session in green.

The two exchanges HNX-Index and UpCoM-Index also returned to a slight increase. The total transaction value was nearly 18,281 billion VND, cash flow still poured into financial and real estate stocks as usual, along with essential and non-essential consumer groups.

The number of stocks increasing in price completely dominated with 588 green codes, 29 purple ceiling codes, compared to only 190 red codes and 17 green floor codes. Among the stocks increasing in price, TCH, BSI, LDG, HNG, L14... stood out among the large number of stocks increasing in price, many pillar stocks created prominence with VNM and GVR respectively bringing more than 1.7 and more than 1.2 points of increase to the VN-Index.

Foreign investors net sold nearly VND810 billion, increasing sharply at the end of the day due to the net selling force of nearly VND358 billion in VJC shares. Notably, VJC shares also had a deal transaction of VND348 billion in the session today, much higher than the matched value of nearly VND42 billion. Thus, it is highly likely that foreign investors have strongly net sold VJC through the deal.

However, liquidity remained at an average level, while the explosion did not appear much, causing the index to only touch the upper threshold when closing with low liquidity. This is likely a technical recovery session rather than a reliable indicator of a sustainable recovery.

The updated strategy report of Mirae Asset Securities Company (Vietnam) shows that the risk of a decline still exists due to pressure from the international market. Mirae Asset mentioned the "snowball" effect when witnessing the first three trading sessions of August, the Vietnamese market received headwinds in the world market, causing the "red sea" phenomenon to spread to almost all major markets around the world.

Mirae Asset commented that trading activities in the first sessions of August reflect investors' risk aversion, especially among domestic individual investors. However, the risk of a decline still exists as the general downward pressure on major stock markets will contribute to negatively impacting trading activities in the Vietnamese market.

In the worst-case scenario, the market is expected to find demand at low valuation areas of the VN-Index, typically the 1,050-1,150 point area. The analysis team expects this support area based on the assessment of Vietnam's macroeconomic improvement in the first 7 months of the year and the trend of corporate profits recovering in the first half of the year.