VN-Index remained under pressure from financial stocks (VN-Index -2.55%)
• VN-Index opened in the red with declines across most sectors, particularly Banking and Securities.
• The market continued to weaken with sluggish trading as selling pressure kept intensifying.
• In the afternoon session, the decline narrowed on the back of stronger foreign net inflows; however, the index quickly reverted to negative territory and closed near the day’s low.
• Market breadth recorded 285 decliners, 56 advancers, and 35 unchanged.
• Liquidity rose slightly by 8.6% to VND 53.2 trillion.
VN30 extended its decline (VN30 -2.07%)
• The basket recorded 26 decliners, 1 advancer, and 3 unchanged.
• Many banking stocks dropped sharply, including VPB (-6.87%), TPB (-6.07%), VIB (-5.62%), and SSB (-5.00%).
• The sole gainer was HPG (+0.35%).
Sectors and stocks daily highlights
• Domestic gold prices fell sharply across most brands on September 8 after Prime Minister Pham Minh Chinh directed authorities to prevent market manipulation and price inflation in the gold market.
• The Ministry of Industry and Trade has completed the third draft decree amending regulations on the mechanism and timing of retail electricity price adjustments. A key new proposal is to allow Vietnam Electricity (EVN) to include previously unaccounted costs in the average retail electricity price, providing a legal basis for recovering past losses.
• Foreign investors net bought VND 992 billion today. HPG (+0.35%) and SSI (-0.74%) were the most actively net bought, while GEX (-6.86%) was the most heavily net sold stock.
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