VN-Index traded cautiously at the peak (VN-Index -0.05%)
• VN-Index opened after the holiday fluctuating around the reference level with cash flow still quite cautious.
• Large-cap stocks weighed on the index, mainly pressure from the Finance and Real Estate sectors.
• Pressure gradually narrowed in the afternoon session and VN-Index returned near the reference level, showing increasing hesitation.
• Market breadth included with 212 winners, 110 losers and 54 unchanged.
• Market liquidity decreased by 17.1% to VND37.3 trillion.
VN30 fluctuated below the reference level (VN30 -0.31%)
• The basket recorded 12 increasing stocks, 15 decreasing stocks and 3 staying the same.
• Top performers included MBB (+2.52) and HPG (+2.36%).
• On the other hand, many stocks recorded significant decreases such as MWG (-2.82%), VIC (-2.57%), VCB (-2.33%) and SSI (-2.01%).
Sectors and stocks daily highlights
• On September 3rd, the price of SJC gold bars and gold rings continued to set new records at VND 131.9 – 133.4 million/tael and VND 125.1 – 127.6 million/tael respectively in the buying – selling direction, supported by the world gold price when the world price increased to a record level of over 3,500 USD/oz.
• HPG (+2.36%) received the Decision of the People’s Committee of Quang Ngai province allowing Hoa Phat Dung Quat Steel Joint Stock Company to change the land use purpose to implement the Hoa Phat Dung Quat 2 Iron and Steel Complex project. The entire 4.42 hectares of converted land will be used as industrial park land, directly serving the project..
• Foreign investors net sold VND 2.761 trillion. Selling pressure focused on HPG (+2.36%). On the net buying side, there were no notable net bought stocks.
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