Vietnam's VN-Index Retreats Amidst Late Selling Pressure

The VN-Index experienced a slight downturn on August 11th, concluding the trading session 3.36 points lower at 1,773.41. This retreat followed a period of cautious trading, with the index spending most of the day in positive territory before selling pressure intensified in the afternoon. The market's overall balance, with 162 stocks advancing and 155 declining, suggests a phase of accumulation rather than strong downward momentum. Lower than average trading liquidity further supported this interpretation.

Initially, the market showed strength, driven by interest in the securities, retail, and mid-cap sectors. However, this early enthusiasm waned, particularly as key stocks in the securities sector, such as VCI and HCM, saw their gains diminish by the session's end. The afternoon saw increased selling pressure across banking, oil and gas, technology, and large-cap stocks, pulling the VN-Index below its previous closing mark.

Key Facts

• The VN-Index closed at 1,773.41 points on August 11th, a decrease of 3.36 points or 0.19%.
• Throughout the trading day, the market saw a balance between advancing and declining stocks, with 162 up and 155 down on the HOSE.
• Trading liquidity on HOSE was approximately 635 million shares valued at 15,889 billion VND.
• Trading volume decreased by 13.56% and transaction value by 10.83% compared to the previous session.
• The oil and gas sector saw a decline of 2.60%, with stocks like GAS and BSR experiencing losses.
• The banking sector index fell by 0.43%, influenced by drops in CTG, TCB, and VPB.
• The technology and telecommunications sector index decreased by 1.64%.
• The real estate sector showed a slight gain of 0.11%, with VHM contributing positively.
• The securities sector closed with an increase of approximately 0.50%.
• The retail sector rose by 1.14%, and the seafood sector was the best performing industry with a 1.94% increase.