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Contrary to the decline of the world stock market, the Vietnamese stock market has VN-Index rising rapidly to nearly 1,140 points with a series of large-cap stocks reaching new peaks.
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| Vietnam's stock market increases strongly, contrary to world stocks |
The Vietnamese stock market in the trading session on July 7 recovered beyond expectations after the previous sell-off session. Notably, VCB ( Vietcombank ) shares increased sharply by 4.27%, re-establishing the old peak set in June 2023 at VND 105,000/share, contributing to pulling the VN-Index up to nearly 1,140 points.
In addition to VCB, many bank stocks also increased well such as: VPB increased by 1.53%, STB increased by 1.72%, MBB increased by 1.24%, SHB increased by 3.4%, LPB increased by 3.9%...
In addition, steel stocks also increased sharply with HPG increasing 1.7% to VND27,450/share - establishing the highest price peak this year; HSG also increased 4.9%, NKG increased 5.1%, TLH increased 4.7%, POM increased 5.2%, SMC increased 3.4%...
Retail stocks also increased dramatically with DGW hitting the ceiling price of VND46,000/share - setting a historical peak for this stock, MWG also increased by 5.3%, PET increased by 4.8%...
Many construction stocks also increased well such as: CTD increased by 6.5%, VCG increased by 4.2%, FCN increased by 4.4%...
At the end of the trading session, VN-Index increased by 11.85 points (1.05%) to 1,138.07 points with 267 stocks increasing, 133 stocks decreasing and 71 stocks remaining unchanged.
At the end of the session at Hanoi Stock Exchange, HNX-Index also increased by 0.74 points (0.33%) to 225.82 points with 102 stocks increasing, 61 stocks decreasing and 62 stocks remaining unchanged.
Market liquidity decreased compared to the previous session, with total transaction value across the market at more than VND 18,700 billion.
In this strong market session, foreign investors net sold nearly VND1,357 billion on the HOSE, recording the highest net selling session since the beginning of the year. In particular, the stocks with the strongest net selling were EIB with more than VND680 billion, VHM VND440 billion, and KDC VND200 billion.
Meanwhile, foreign investors net bought a large amount of VCB shares with more than 150 billion VND, contributing to helping VCB re-establish its highest peak in 2023.
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