Large stocks diverged strongly, VN-Index struggled

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The indexes gained strongly in the session 22/7 due to the breakthrough of many groups of stocks. Market liquidity improved significantly compared to the previous session with matched orders of VND 17,600 billion, up 20%.

Foreign investors were still strong net sellers with more than 500 billion dong. In which, this capital flow continued to be a strong net selling of VIC shares with a value of 450 billion dong and mostly through order matching method.

Saigon – Hanoi Stock Exchange (SHS) forecasts that the market may continue to recover with the target of both psychological and technical resistance around 1,300 points.

Viet Rong Securities (VDSC) recommends that investors choose good basic stocks to accumulate into their accounts.

Some notable international information.

Closing session 22/7, Dow Jones, Nasdaq and S&P 500 all rose. The Dow Jones rose 25.35 points, or 0.07%, to 34,823.35. The S&P 500 rose 8.79 points, or 0.2%, to 4,367.48. Nasdaq rose 52.64 points, or 0.36%, to 14,684.6.

Stock markets in Asia – Pacific increased in session 22/7. The MSCI Asia-Pacific Index excluding Japan rose 1.25%. Japanese market holiday. The Chinese market rose from the start with the Shanghai Composite up 0.34%, the Shenzhen Component up 0.326%. Hong Kong’s Hang Seng rose 1.83%, among the strongest in the region. South Korea’s Kospi index rose 1.07%. Australia’s ASX 200 rose 1.06%.

Closing the session on July 22, Brent and WTI oil prices both increased. Brent oil futures rose $1.56, or 2.2%, to $73.79 an ounce. WTI oil futures rose $1.61, or 2.3%, to $71.91 an ounce.

Source: – Translated by