VN-Index “broke”, billions of dollars flowed into the market

Fed raises interest rates, global stocks excited

Last night, the global market received very important information. That is, the US Federal Reserve (FED) announced to continue to increase the USD interest rate. Receiving this information, the US stock market went against the usual rules. That is, it increased sharply and recorded the 13th consecutive increase. The reason is that this move of the FED was predicted by investors in advance.

In Asia, the indices were all excited.

Asia-Pacific shares were mostly higher on Thursday. Japan's Nikkei 225 rose 0.68% to 32,891.16 and the Topix index edged up 0.53% to 2,295.14. In South Korea, the Kospi index traded 0.28% higher at 2,603.81.

Stock market 27 7 vn index causes capital flight into the market picture 1 — Stocks on July 27 went against the global euphoric trend when VN-Index "broke". However, more than 1 billion USD flowed into the market. Illustrative photo

In Australia, the S&P/ASX 200 closed 0.73% higher at 7,455.9.

Hong Kong's Hang Seng Index traded 1.6% higher in its final hour of trading. In mainland China, the Shanghai Composite edged up 0.2% to end at 3,216.67 and the Shenzhen Component added 0.191%.

European stock markets opened higher on Thursday as investors digested the Federal Reserve's interest rate hike and braced for the European Central Bank's latest decision.

The Stoxx 600 was up 0.53% in early trading, with media stocks higher by 2.85% and tech up 1.2%.

Analysts expect the ECB to raise interest rates on Thursday, with the main rate rising to 3.75% from 3.5%, as focus turns again to signals for the next meeting in September.

Euro zone countries are at different stages in their battle to reduce inflation and there have been warning signs from the economy, with business activity contracting more than expected in July.

Financial reports of leading European companies are gradually being revealed such as Shell, Renault, Mercedes and many others.

VN-Index “broke”, billions of dollars flowed into the market

The stock market session on July 27 witnessed the opposite trend between VN-Index and major global indices. After VN-Index conquered the important milestone of 1,200 points with weaker liquidity, investors were worried that a profit-taking period might soon take place.

That concern appeared right from the beginning of the stock market session on July 27. Selling pressure caused the VN-Index to fluctuate strongly. And the fluctuation only lasted until about 10:30 a.m. After that, the electronic trading board was completely covered in red.

Closing the stock market session on July 27, VN-Index stopped at 1,197.33 points, down 3.51 points, equivalent to 0.29%; VN30-Index decreased 1.75 points, equivalent to 0.15% to 1,199.68 points. The 1,200 point mark was quickly broken.

The main reason why VN-Index fell to the red floor in the stock market session on July 27 was that a series of supporting pillars broke. In recent sessions, Vietcombank's VCB shares were the biggest pillars, helping VN-Index close in the green. However, at the end of the stock market session on July 27, VCB decreased by VND700/share, equivalent to 0.7% to VND92,700/share.

In addition, some other blue-chips also decreased quite deeply in the stock session on July 27 such as VHM, BID, VRE, CTG, PLX,...

On the other hand, retail stocks successfully weathered the storm. MWG increased by VND2,000/share, equivalent to 3.8% to VND54,100/share, VNM increased by VND700/share, equivalent to 0.9% to VND75,700/share,...

One of the highlights of the stock market on July 27 was that liquidity returned to its peak. On the Ho Chi Minh City Stock Exchange alone, nearly 1.2 billion shares, equivalent to VND22,695 billion, were transferred. Combined with the cash flow on the HNX, today, billions of dollars flowed into the stock market.

On the Hanoi Stock Exchange, the indices were also in red.

At the close of the stock market session on July 27, the HNX-Index decreased by 0.56 points, equivalent to 0.24%, to 235.64 points; the HNX30-Index decreased by 0.99 points, equivalent to 0.21%, to 465.94 points. There were 120 million shares, equivalent to 1,994 billion VND transferred.

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