Vietnam Stocks Boom After a Series of Gloomy Days

(NLDO) – Many investors were shocked when the stock market suddenly increased beyond expectations, with many stocks closing in purple.

The stock market on December 5 made a surprising move after a series of gloomy days. The VN-Index closed the trading session at the highest level of the day, at 1,267.53 points, up 27.12 (+2.19%) points compared to the previous session. This was the strongest increase of the index in more than 3 months since August 16. The 2.19% figure also made the Vietnamese stock market the strongest increase in Asia in the session of December 5.

At the Hanoi Stock Exchange, the HNX-Index increased by 4.98 points to 229.6 points while the Upcom Index also increased to 92.72 points.

Chứng khoán Việt Nam bùng nổ sau chuỗi ngày ảm đạm- Ảnh 1. — The 2.19% figure also made Vietnamese stocks the strongest growing market in Asia in the session of December 5.

The bustling trading in the afternoon pushed the order matching liquidity on the HoSE floor to over VND19,000 billion, the highest in many recent sessions. In addition, the market's spectacular breakthrough also had a clear mark of foreign investors when they returned to net buy more than VND700 billion on the HoSE.

Stocks in all sectors rose simultaneously. However, the most outstanding were in the securities and real estate sectors, with many stocks hitting the ceiling and trading exploding, such as BSI, SSI, FTS, VCI, CTS, VDS, PDR, DXG, NHA.... The number of stocks hitting the ceiling also dominated the market.

Large-cap stocks in the VN30 basket also contributed positively to the strong growth of the stock market such as HPG, FPT , CTG, VHM, BID...

Chứng khoán Việt Nam bùng nổ sau chuỗi ngày ảm đạm- Ảnh 2. — Stocks are green after a series of days of decline and sideways trading

The sharp increase in the afternoon session and the closing at the highest level of the VN-Index surprised many investors. According to records, in the morning session, cautious and worried sentiment still covered the market. Many new investors in the morning session cut their losses, but in the afternoon session, stocks recovered strongly, even closing with a very strong increase.

On stock investment forums and groups, investors are again excitedly discussing potential stocks, with some opinions expecting real estate stocks to soon "return to the race" after many months of accumulation.

Analysts also said that foreign investors stopping net selling and returning to net buying in today's session has created a more optimistic sentiment for investors in the market.

VPS Securities Company believes that the trading session on December 5 can be considered a "Momentum Explosion" session when the highest increase in points in the session was accompanied by a spike in trading volume.

The stock market has officially entered a new uptrend, heading towards the 1,280 - 1,300 point area in the first half of December 2024.

With the current developments, VN-Index is at its highest level since the end of October. If calculated from the bottom of the 1,200 point area in the past 3 weeks, the stock market has recovered about 60 points.