Buying pressure improved as stocks regained the 1,200-point mark.

Both the HNX-Index and UpCoM-Index also returned to slight gains. The total trading value was nearly 18,281 billion VND, with capital continuing to flow into the financial and real estate sectors as usual, alongside essential and non-essential consumer goods.

The number of rising stocks completely outnumbered the rising ones, with 588 stocks hitting the ceiling price and 29 hitting the ceiling price, compared to only 190 stocks in the red and 17 hitting the floor price. Among the stocks that hit the ceiling price, TCH, BSI, LDG, HNG, L14, etc., stood out. Among the large number of rising stocks, many blue-chip stocks stood out, with VNM and GVR contributing over 1.7 and over 1.2 points respectively to the VN-Index increase.

Foreign investors sold a net of nearly 810 billion VND, a sudden surge at the end of the day, driven by a net selling of nearly 358 billion VND in VJC shares. Notably, VJC shares also saw block trades worth 348 billion VND during the session, significantly higher than the nearly 42 billion VND in matched orders. Thus, it is highly likely that foreign investors heavily sold VJC shares through block trades.

However, liquidity remained only at an average level, while explosive movements were infrequent, causing the index to only reach the upper limit before closing with low liquidity. This is more likely a technical rebound than a reliable indicator of a sustainable recovery.

According to an updated strategic report by Mirae Asset Securities (Vietnam), downside risks remain due to pressure from international markets. Mirae Asset refers to the "snowball effect," noting that in the first three trading sessions of August, the Vietnamese market experienced headwinds from global markets, causing a widespread "red" phenomenon across almost all major markets worldwide.

Mirae Asset observes that trading activity in the first few sessions of August reflects investor risk aversion, particularly among domestic individual investors. However, downside risk remains, as general downward pressure across major stock markets will negatively impact trading activity in Vietnam.

In the least optimistic scenario, the market is expected to find demand at the lower valuation levels of the VN-Index, typically the 1,050-1,150 point range. Analysts anticipate this support level based on an assessment of Vietnam's macroeconomic improvement in the first seven months of the year and the recovery trend in corporate profits during the first half of the year.