Vingroup's VIC stock reached its highest level in history, becoming a pillar supporting the stock market's nearly 9-point gain despite over a hundred stocks declining.
A surge of investment into bank stocks in the final minutes of trading propelled the VN-Index from a loss to a 22-point gain, marking its most enthusiastic session since early September.
After a period of strong stock market growth, many open-ended equity funds are becoming more cautious and increasing their cash positions, with some holding over half of their total assets in cash.
Defendant Bui Trung Duc claimed the 5 supercars he used were borrowed, saying "I had to promote myself as wealthy so that many employees would believe me" and follow the fraudulent schemes.
Intense selling pressure pushed over 260 stocks on the Ho Chi Minh City Stock Exchange (HOSE) into the red, causing the VN-Index to lose 24 points and extending its losing streak to 5 consecutive sessions.
Many analysts believe the stock market is in a consolidation phase before its next rally, predicting the VN-Index will likely trade sideways in the 1,630-1,690 point range this week.
Bao Viet has invested trillions of dong in stocks and is losing over a hundred billion, while Bao Minh has to set aside provisions for 28 out of 33 stocks purchased.
Vietnam's derivatives market will add a new product based on the VN100 index, expected to start trading in October, breaking the VN30 futures contract's monopoly.
Investing based on rumors, focusing only on large corporations, selling profitable investments prematurely, and hesitating to cut losses can lead to regrettable mistakes in the stock market, according to Vo Van Huy from DNSE.
Two-thirds of stocks rose, with strong cash flow into blue-chip stocks, helping the market accumulate nearly 10 points in the final session of the week.
261 stocks fell, equivalent to nearly 73% of the HoSE, causing the VN-Index to drop 14 points during the morning session, briefly approaching 1,600 points.
