Red dominated, VN-Index dropped more than 13 points

2 min read

The stock market continued to fluctuate negatively right from the first trading session of the new week on July 20. In which, VN-Index had a session with a decrease of more than 4% with soaring liquidity compared to the previous session. Matching transactions on HoSE increased by 48.9% to 20,000 billion dong.

Foreign investors turned negative again with a net selling of 7.8 million shares, equivalent to a net selling value of VND 109.5 billion.

According to Securities (MBS), investors are not in a hurry to catch the bottom, the strategy of standing by and observing can also be applied.

Vietinbank Securities (CTS) recommends that investors continue to observe and wait for the signal that the VN-Index stabilizes and creates a bottom before participating in disbursement again.

Some notable international information:

Closing the session on July 19, Dow Jones, Nasdaq and S&P 500 all fell. The Dow Jones fell 725.81 points, or 2.09%, to 33,962.04 points. The S&P 500 fell 68.67 points, or 1.59%, to 4,258.49. Nasdaq fell 152.25 points, or 1.06%, to 14,274.98.

At 10:34 am EDT (21:34 Hanoi time), Dow Jones dropped 800.11 points, or 2.31%, to 33,887.74 points. The S&P 500 fell 81.27 points, or 1.88%, to 4,245.89. Nasdaq fell 221.85 points, or 1.54%, to 14,205.39.

Asia-Pacific stock markets fell on July 19. The MSCI Asia-  Pacific Index excluding Japan fell 1.39%. In Japan, Nikkei 225 fell 1.25%, Topix fell 1.3%. The Chinese market was mixed with Shanghai Composite down 0.01%, Shenzhen Component up 0.138%. Hong Kong’s Hang Seng fell 1.84%, the deepest in the region. South Korea’s Kospi index fell 1%. Australia’s ASX 200 fell 0.85%.

Closing session 19/7, Brent oil prices, WTI all decreased. Brent oil futures fell $4.97, or 6.8%, to $68.62 a barrel. The price of WTI oil for August delivery, due on July 20, fell 5.39 USD, or 7.5%, to 66.42 USD/barrel. WTI oil for September delivery fell $5.21 to $66.35 per barrel. OPEC and its allies, or OPEC+, reached a deal on July 18 to raise output to cool down oil prices – to a more than two-year peak in July.

Source: ndh.vn – Translated by fintel.vn