Stocks hit floor, VN-Index falls by nearly 29 points

Stocks hit floor, VN-Index falls by nearly 29 points

Stockholders dumped shares heavily, whereas investors holding money did not participate in the market, causing the VN-Index to retreat to near 1,200 points. With a drop of roughly 29 points in the trading session on September 19, all previous gains of the VN-Index in August were erased.
Market capitalization on HoSE loses VND1.01 quadrillion in first seven months

Market capitalization on HoSE loses VND1.01 quadrillion in first seven months

Although the market capitalization on the Ho Chi Minh Stock Exchange (HoSE) in July 2022 has increased by VND40 trillion (US$1.72 billion) compared to the previous month due to the recovery of the stock market, the market capitalization of the HoSE in the first seven months of 2022 has evaporated VND1.01 quadrillion ($43.43 billion) compared to the end of 2021.
VN-Index continues to gain points despite US-China tensions

VN-Index continues to gain points despite US-China tensions

The US-China tensions involving Pelosi's upcoming visit to Taiwan made investors nervous and increased selling. However, the VN-Index still closed the trading session on August 2 with an increase of more than 10 points as the cash flow continued to pour into the stock market.