Selling pressure surged, particularly in Vingroup and banking stocks, causing the VN-Index to lose over 34 points in its sharpest correction in nearly a month.
The VN-Index closed today's session 0,56 points higher than its reference level, marking the stock market's longest winning streak of the year with seven consecutive sessions.
Vingroup shares extended the VN-Index's four-session winning streak, briefly surpassing a key psychological threshold before retreating sharply to close below 1,800 points.
Global crude oil prices reached their highest level since the beginning of the month, triggering a rally in oil and gas stocks, with Petrolimex hitting its ceiling price near 38,000 dong.
As the stock market approached a key resistance level, selling pressure returned, particularly for blue-chip stocks, pulling the general index down by 27,55 points.
State-owned enterprise stocks attracted capital, becoming the main driver of the VN-Index during a session marked by gains but also significant differentiation.
Total transaction value on the Ho Chi Minh City Stock Exchange (HoSE) reached just over 15,000 billion dong, a 36% decrease from the previous session, as the stock market dropped nearly 12 points.
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.
Numerous stocks surged after news of leadership "bottom-fishing", helping the Ho Chi Minh City exchange's benchmark index reverse from a decline to a gain of nearly 12 points.
