Stocks jumped 1.69% after falling sharply this morning.

After a sharp decline in the morning session, the stock market reversed dramatically, with the VN-Index increasing nearly 28 points (1.69%) in the afternoon thanks to strong demand.

On the Ho Chi Minh City Stock Exchange on October 28, continuing the downward trend from yesterday, VN-Index lost 22.74 points in the morning, temporarily stopping at 1,629.8 points. Investors continued to sell pillar stocks.

VIC provided the strongest support for the market on October 28. Screenshot

However, in the afternoon session, especially after 2:00 p.m., strong demand helped the market reverse and go up quickly and strongly.

At the end of the session, VN-Index increased by 27.96 points (1.69%), to 1,680.5 points; VN30-Index stopped at 1,949.28 points, up 48.52 points (2.55%).

Green dominated the entire market with 219 stocks increasing and 94 stocks decreasing; in the VN30 basket, only 2 stocks decreased, while 28 stocks increased in price.

Notably, VIC stock – which was one of the stocks that took away the most points from the VN-Index in the previous session – today became the main driving force of the recovery, increasing by 2.85%, contributing 5.39 points to the general index.

The banking group also contributed significantly with 5 representatives in the top 10 codes supporting the VN-Index, including VPB (+2.1 points), TCB, VCB (each code more than 1 point), along with STB and BID (both contributed nearly 1 point).

By industry group, hardware – equipment, software – services, essential aviation trade, and transportation are the sectors with the strongest growth. Banking, real estate, and industrial goods groups all increased by over 1%.

On the contrary, among the groups that decreased, only consumer services, commercial and professional services, and telecommunications decreased by more than 1%.

Liquidity reached nearly 30,000 billion VND. A very positive point is that foreign investors were net buyers with a purchase value of nearly 4,912 billion VND and a sale value of approximately 3,375 billion VND.

On the Hanoi Stock Exchange, at the end of the session, the HNX-Index increased by 1.42 points (0.54%) to 266.78 points; the HNX30-Index stopped at 576.19 points after increasing by 6.5 points (1.14%). The total transfer value was nearly 2,500 billion VND.

Source: https://hanoimoi.vn/chung-khoan-bat-tang-1-69-sau-khi-giam-manh-trong-sang-nay-721277.html