After two recovery sessions, the stock market opened the first 30 minutes with considerable indecision. Both buyers and sellers traded cautiously, causing the index to fluctuate around the reference level. However, after 9:30, active buying interest intensified, initially targeting large-cap stocks before spreading across various sectors.
The HoSE benchmark index progressively reclaimed levels above 1,700 points. The session closed with the VN-Index at nearly 1,745 points, an increase of approximately 40 points from the previous session. This marks the strongest improvement since 8/4, when the stock market recorded a historic gain.
Across the HoSE, 258 stocks advanced, 4,5 times the number of declining stocks. Gains were widespread across all sectors, with securities, retail, oil and gas, banking, and technology standing out.
Capital flow remained concentrated in certain stock groups. According to VnDirect's calculations, VHM had the most positive impact on the market, contributing nearly 7 points to the VN-Index. Vinhomes' stock closed at 147,900 VND, up 5,6% with liquidity reaching nearly 858 billion VND, ranking third highest across the market. Another Vin-group stock, VRE, also performed positively, hitting its daily limit.
Additionally, today's session saw stocks related to Mr. Nguyen Van Tuan all hit their daily limits, including VIX, GEX, and GEL. Among these, VIX recorded the highest trading volume in the market, with nearly 76,2 million shares changing hands.
Liquidity also improved alongside the index. The total transaction value on the HoSE reached nearly 20,300 billion VND, an increase of 41%.
Market sentiment also improved as foreign investors net bought approximately 677 billion VND, following six sessions of prioritizing selling, with buying concentrated in VIC, VNM, and MSN. However, TCB stock still recorded a net sell of over one hundred billion VND.
The stock market has now seen its third consecutive gaining session. However, historical data indicates that since the beginning of Quarter II, the market has consistently experienced alternating periods of unsustainable gains and declines. In investor newsletters, many securities firms noted new objective risks as the US Federal Reserve (Fed) maintained interest rates.
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Investors are monitoring the price board at a securities company in TP HCM. Photo: Quynh Tran |
Investors are monitoring the price board at a securities company in TP HCM. Photo: Quynh Tran
Mr. Pham Luu Hung, Chief Economist and Director of SSI Research's Analysis and Investment Advisory Center, stated that the pressure for the Fed to potentially raise interest rates in Quarter IV this year requires close monitoring. Exchange rate pressure is not yet significant as the USD remains relatively weak. However, international capital flows could become more sensitive as September marks the period when Vietnam is officially upgraded to an emerging market by FTSE Russell.
Nevertheless, according to experts, 2026 remains the year when the main drivers of Vietnam's economic and stock market growth will come from internal factors: credit growth, public investment, real estate, and institutional reforms. "External factors may create short-term volatility, but they are unlikely to alter the market's fundamental trend," Mr. Hung said.
Tat Dat
