Large-cap stocks surged, with FPT hitting its ceiling price and no sellers, contributing to the VN-Index gaining over 27 points in the early August trading session.
The VN-Index reversed on the final trading day of the month, marking its second consecutive monthly correction with a drop of over 124 points, or 6,68%.
Dominant buying demand, led by securities, retail, and banking stocks, propelled the VN-Index up nearly 40 points, marking its strongest gain since early April.
Dragon Capital forecasts short-term stock market volatility, but many business valuations are attractive after a deep correction, suitable for accumulation over the next 2-3 years.
Investors engaged in a stock sell-off on Monday's trading session, causing the VN-Index to lose over 43 points and fall to its lowest level since early April.
Investors' sell-off caused the Ho Chi Minh City exchange's benchmark index to drop nearly 25 points, breaching 1,800 points and hitting its lowest level since April.
Gilimex's stock, trading as GIL, plummeted to its floor price following a court ruling against the company in its lawsuit with Amazon, joining over 200 other stocks that saw adjustments during a session where the VN-Index dropped 12 points.
Strong buying in oil, banking, and real estate stocks propelled the VN-Index past the 1,850 resistance level, marking its second consecutive session of gains.
Sell-off pressure has caused PNJ to hit its lower limit for three straight sessions, reaching a one-year low, with over 12,5 million shares pending matching at the floor price.
After two weeks of improvement, the stock market returned to a downward trend, closing today's session at 1,862 points, nearly 10 points lower than last week's close.
