VN-Index traded sideways with volatility (VN-Index -0.35%)
• VN-Index opened in positive territory, in line with other Asian markets, following news of the FED’s rate cut.
• However, selling pressure from the Banking, Securities, and Materials sectors gradually intensified, erasing gains and pushing the index into red.
• At one point, the market saw a deeper decline but quickly rebounded, closing with only a slight loss compared to the reference level.
• Market breadth recorded 108 advancers, 208 decliners, and 60 unchanged.
• Liquidity fell further by 14.1% to VND 27.8 trillion, reflecting cautious sentiment among investors.
VN30 continued to edge down (VN30 -0.38%)
• The basket recorded 7 gainers, 22 decliners, and 1 unchanged.
• Most stocks fluctuated within a narrow range.
• STB (+1.42%) and VIC (+1.33%) were the top gainers, while notable decliners included FPT (-2.37%), TPB (-2.33%), and VNM (-2.30%).
Sectors and stocks daily highlights
• According to the General Statistics Office, total retail sales of goods and consumer service revenue in August 2025 were estimated at VND 588.2 trillion, up 10.6% YoY. For the first eight months of 2025, the figure reached VND 4,579 trillion, up 9.4%, exceeding the 8.9% growth recorded in the same period of 2024, reflecting a recovery in consumer demand and sustained growth in domestic consumption.
• The State Bank of Vietnam issued two Decisions to establish a testing environment and conditions for peer-to-peer (P2P) lending solutions. Among the key provisions, the maximum outstanding loan per borrower on a P2P platform is capped at VND 100 million, along with new guidelines for the use of customer credit information.
• Foreign investors continued net selling with a total value of VND 1,518 billion. The heaviest selling pressure was concentrated on VIC (+1.33%). On the buying side, no stock recorded significant net inflows.
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