With the US election results decided, Vietnamese stocks surged, with over 500 stocks rising in price.

After several sessions of anxiety over the impact of the US election, the Vietnamese stock market regained its positive momentum today, with over 500 stocks rising in price. The VN-Index surged nearly 16 points.

The stock market just experienced a very positive trading session - Photo: QUANG DINH

The Vietnamese stock market opened the trading session on November 6th on a positive note. A series of stocks in the industrial real estate and export sectors surged as the US presidential election approached its conclusion.

At 1:50 PM on November 6th (Vietnam time), Fox News, citing their data, reported that Trump had secured more electoral votes than the minimum required to become the 47th president of the United States.

At the same time, Vietnamese stocks completely shed their anxieties surrounding the US election, with the VN-Index surging nearly 16 points and more than 500 stocks turning green.

Market breadth leaned heavily toward the positive, with 18 out of 22 sectors rising today. Notably, all three sectors with the largest weight in the VN-Index were in the green.

Specifically, the real estate sector, with industrial park businesses as its focus, contributed to the overall index with a 1.35% increase, the credit institution sector increased by nearly 1.2%, while the financial services and insurance sectors increased by 1.49% and 0.77% respectively.

Despite the positive trading session, liquidity remained a key highlight, with the total market trading value still below 16,000 billion VND.

In addition, foreign investors continued to net sell over 400 billion VND, heavily offloading shares of Vinhomes' VHM, Masan 's MSN, and SSI…

According to Vietcap Securities analysts, the earnings reporting season for the first nine months of 2024 has concluded.

Market sentiment in November was more cautious as investors awaited developments in the US election and the Fed's actions at its November meeting.

However, Vietcap experts still expect positive domestic macroeconomic results in November after Vietnam's PMI index recovered, rising to 51.2 in October from 47.3 in September due to renewed growth in manufacturing activity and new orders.

How did global stock markets react?

Before the VN-Index surged, global stock markets had already reacted positively to the prospect of Trump winning the election.

Last night, Vietnam time, stock indices on Wall Street all rose by more than 1%, and European stocks were buoyant with gains.

Today, Asian stock markets reacted somewhat differently, although they generally rose.

Specifically, Japan's NIKKEI 225 index rose 2.61%, Taiwan's TWSE (+0.48%), Singapore's STI (+0.4%), Thailand's SET (+0.17%), and Malaysia's KLSE (+0.44%).

Conversely, China's SHMCP index fell 0.09%, and South Korea's KOSPI index dropped 0.52%.

Source: https://tuoitre.vn/bau-cu-my-nga-ngu-chung-khoan-viet-xanh-ri-voi-hon-500-co-phieu-tang-gia-20241106150729895.htm