Stocks closed the year of the Cat at nearly 1,200 points

Stock markets closed the trading session on the 28th day of the Lunar New Year up more than 10 points, approaching the 1,200-point mark - a level that was a record more than a decade ago.

The final trading session before the Lunar New Year holiday saw a predominantly green market. The VN-Index opened above the reference level, traded sideways during the morning session, before surging in the latter half of the trading day.

The banking sector's rebound after a slight correction at the end of January continued to be the main support, with key stocks in this group all rising sharply. Stocks, consumer goods, and real estate also attracted capital as investors bought more aggressively.

This development helped the VN-Index close today's session up more than 10 points, reaching 1,198.53 points, extending its winning streak to three consecutive sessions. The HoSE index is currently at its highest price in over four months, since September 21, 2023.

The VN30-Index surged thanks to the gains of blue-chip stocks, closing the session up 13.5 points (1.13%), reaching 1,212.7 points. On the Hanoi Stock Exchange, both the HNX-Index and UPCOM-Index closed the final trading session of the Year of the Rabbit above their reference levels.

Total market liquidity reached over 17,231 billion VND. Of this, liquidity on the HoSE exchange accounted for over 15,500 billion VND, a slight increase compared to yesterday's session. Foreign investors traded in a balanced manner today, with purchases exceeding 1,154 billion VND and sales exceeding 1,162 billion VND.

At the end of the trading session, the HoSE exchange saw 356 stocks rise in price, compared to 110 stocks that fell.

Within the VN30 index, banks led the group of gainers. TCB topped the list with a 4.6% increase. CTG was the biggest contributor to the VN-Index, adding nearly 1.5 points, closing up 3.2% at 35,500 VND. Several other bank stocks also led the market's gains, including VCB, VPB, MBB, and HDB.

The real estate and consumer goods sectors also traded positively. VHM closed the session up 2%, GVR gained 0.6%, and MSN and SAB rose above their reference prices.

In the mid-cap group, securities and food stocks attracted capital inflows. Dabaco's DBC stock rose 5.5%, while PAN added 1.6%. In the securities sector, VND, FTS, and VCI significantly outperformed their reference prices.

Minh Son

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