Stock market 7/8: Lack of leading groups, VN-Index moved sideways at 840 points

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Vietnam stock market was struggling around the reference level this morning. VN-Index opened after the ATO session and then fell right after that.

As of 9.40am, the VN-Index increased 0.57 points (0.07%) to 840.61 points, HNX-Index increased by 0.05% to 113.41 points, UPCoM-Index increased by 0.36% to 56.32.

After yesterday’s gain, Vietnam’s stock market was struggling around the reference level this morning. VN-Index opened after the ATO session and then fell right after that. However, the gain of a number of banking codes pulled the VN-Index up again.

VN30 group performed differentiation earlier this day. Up to now, VN30 basket has recorded 13 gainers, 11 losers and 6 unchanged stocks.

Synthesize market developments by sectors. Banking codes varied with gainers such as TPB, CTG, VIB and MBB, some stocks stood still at reference price such as BID, NVB, SHB, ACB, TCB, STB, while stocks declined. Light as HDB, LPB, EIB and KLB.

In real estate, cash flow concentrated in some small market price stocks with high liquidity at the beginning of the session such as FLC, HQC, ITA, HAG, DRH. Mid-cap stocks in this industry slightly rose, including CRE, AGG, HDG and CII.

Stocks of industrial zone development group varied in this morning with gainers such as SZL, SIP, NTC, and D2D tickers unchanged. Some stocks in this group fell slightly such as SZC, TIP, VGC.

Movements of the international stock market, the US stock market on August 6 increased on a large scale after the announcement of positive employment data, leading the market to be a group of large-cap technology stocks. Investors are still paying close attention to the progress in negotiating a new economic stimulus package.

The Dow Jones industrial average rose 185 points, or 0.7%, to close at 27,387. The S&P 500 and Nasdaq Composite rose 0.6 percent and 1 percent, respectively.

This is the 5th consecutive gaining session of the Dow Jones and the S&P 500, also the 7th consecutive gaining session of the Nasdaq. For the first time in history, the Nasdaq closed above 11,000 points, 11,108 points specifically. Currently, the S&P 500 is only 1.3% lower than the historic peak set on February 19, 2020.

Source: vietnambiz.vn