VN-Index establishes highest price range ever

Before the August 19 trading session, some analysis groups predicted that the VN-Index would fluctuate strongly and could close in red as investors became more cautious. The 1,620-point area, down about 16 points from the reference, was considered an important support level.

However, the actual developments of the August 19 trading session were completely opposite. The VN-Index maintained green throughout the session and at one point increased by nearly 30 points. Profit-taking pressure increased at the end of the afternoon session, causing the index to narrow its increase to 18 points. The index representing the Ho Chi Minh City Stock Exchange closed at 1,654 points, the highest level ever, while the VN30 also surpassed the psychological mark of 1,800 points.

Ho Chi Minh City Stock Exchange had nearly 190 stocks closing above reference, of which 27 hit the ceiling. Many mid- and large-cap stocks such as VPB, BSR , HVN, KBC... increased to the maximum limit and there were no sellers.

By sector, banks contributed the most to the increase. Of the 10 stocks that had the most positive impact on the VN-Index, this group had 8 representatives. VPB jumped to 3,4200 VND after news that VPBank Securities Company was preparing for an initial public offering (IPO). LPB, HDB, TPB andACB all increased by over 5%, while TCB, CTG and VIB accumulated 2-3%.

Stocks also had an excited state. VDS and BSI closed the session in purple, while VCI, SSI, VND and HCM all accumulated more than 1.4% compared to the reference.

In the real estate group, the differentiation was clear. While some small-cap stocks such as HPX, DIG, HQC, AGG, DXG increased sharply, pillar stocks including VIC, VHM, VRE, NVL, KDH remained unchanged or decreased slightly.

After a steep fall, market liquidity has improved again. Today, more than 1.93 billion shares were successfully traded, equivalent to over VND54,400 billion. The VN30 basket contributed more than VND25,000 billion of this.

The market has up to 14 stocks reaching trillions in liquidity. SHB faces strong profit-taking pressure, so it leads in order matching value with more than 2,500 billion VND, followed by SSI, HPG, MBB and TPB.

Although the VN-Index continued to rise, foreign investors continued to net sell. This group disbursed about VND3,500 billion, while selling more than VND5,000 billion. The selling pressure was most concentrated in SHB, HPG, MWG and VPB stocks.