The VN-Index has made a notable leap, rising by 1.02% to reach 1,223.35 points on Thursday, marking the highest level since April 15. This upward momentum reflects ongoing positive market sentiment and a mix of investor activity across key sectors.
The benchmark index ended the trading day up by 12.35 points, building on a gain of 13.87 points from the prior session. Despite the positive performance, trading volume on the Ho Chi Minh Stock Exchange dipped by 7%, totaling VND17.66 trillion (approximately US$679 million).
Among the 30 largest capped stocks in the VN-30 basket, a robust majority of 18 stocks closed with gains. Leading the charge was Vingroup’s VIC, which surged by 7%. Also in the spotlight were Bao Viet Holdings’ BVH, up 5.6%, and real estate giant Vinhomes’ VHM, which rose by 4.6%. HDBank’s HDB rounded out the top performers with a 4.4% increase.
Conversely, eight blue-chip stocks experienced declines. Asia Commercial Bank (ACB) saw a decrease of 1.8%, while Techcombank (TCB) fell by 1.3%.
Foreign investors remained active participants in the market, concluding the day as net buyers with a total purchase of VND574 billion, primarily focused on Hòa Phát Group’s HPG and the electronics retailer Mobile World (MWG). This trend signals a growing confidence from foreign stakeholders in the Vietnamese market and its expanding opportunities.
In related exchanges, the HNX-Index of the Hanoi Stock Exchange, which features mid and small-cap stocks, ticked down by 0.18%. Meanwhile, the UPCoM-Index for unlisted public companies experienced a modest rise of 0.40%, showcasing a slight differentiation in performance among various market segments.
In summary, the upward trajectory of the VN-Index and the impressive gains among key stocks reflect a vibrant and dynamic market landscape. As investor confidence grows, particularly with significant foreign engagement, the future looks promising for Vietnam’s retail and broader economic sectors.
1. What recent milestone did the VN-Index achieve? The VN-Index rose by 1.02% to 1,223.35 points, reaching its highest level since April 15.
2. How did foreign investors engage with the market? Foreign investors concluded as net buyers, investing VND574 billion, with a focus on stocks like HPG and MWG.
3. What was the performance of blue-chip stocks? Out of the VN-30 stocks, 18 showed gains, with VIC and BVH leading, while eight stocks, including ACB and TCB, saw declines.
