Stocks continue to break 3-year highs.

Today, the VN-Index surged right at the opening, despite a series of sharp declines in oil and gas stocks.

Since the beginning of May, the index representing the Ho Chi Minh City stock exchange has repeatedly reached a three-year high. Yesterday's surge to 1,358 points also helped the index reach a new peak. However, many analysts believe this trend has not yet stopped because investor sentiment remains optimistic. Conquering the 1,360-1,370 point range in the short term to establish further highs is not difficult.

Today, the VN-Index surged immediately upon opening, despite a sharp decline in numerous oil and gas stocks due to a correction in global oil prices as tensions eased in the Middle East. The index briefly gained 13 points, surpassing 1,370 points. The gains narrowed afterward, but by the end of the session, it remained 8 points above the reference level, closing at 1,367 points.

Vingroup's "family" stocks continued to be the main driving force, contributing 6 points to the VN-Index. VIC and VHM increased by 3.2% and 4.5% respectively compared to the reference price, reaching VND 95,800 and VND 77,300. The other two large-cap stocks in this group, VRE and VPL, also gained points, but the increase was not more than 1%.

By sector, the stock market showed the most consistent upward trend. Except for TVB, all component stocks in this group closed above the reference price. VNDirect shares closed up 6.3%, followed by VIX, HCM, and SSI, which edged up 2-3%.

Real estate stocks also performed similarly, with many stocks accumulating gains of over 2%. Besides VHM leading this group, LDG and DXG were equally buoyant, rising 3.7% and 3% respectively.

The banking sector was highly mixed today, with only four stocks rising by more than 1%: EIB, NAB, ABB, and KLB. Most leading stocks like VCB, BID, CTG, and TCB fluctuated around their reference prices.

Contrary to the market trend, oil and gas, fertilizer, and shipping stocks experienced significant declines. The oil and gas sector saw the most drastic corrections, directly impacted by global oil prices. GAS and PLX, two key stocks in this group, lost 4.8% and 5.3% respectively. Mid- and small-cap stocks like PVT, BSR, PVD, and PVS also fell by over 4%.

A positive sign in today's session was the strong upward movement in trading volume. Over 971 million shares were successfully traded on the Ho Chi Minh City Stock Exchange, equivalent to VND 25,600 billion, about VND 4,000 billion higher than the previous session. SSI and GEX both had trillion-VND trading volumes, far surpassing other banking and securities stocks such as TCB, VPB, VND, and VIX.

Foreign investors ended their four-session net selling streak. They resumed net selling of nearly VND 2,900 billion, approximately VND 1,200 billion higher than the previous session. Foreign demand focused on VND, with net purchases of nearly 13 million shares. SSI also saw net buying of over 6.2 million shares, followed by HPG, DGW, and VPB.