At the start of this morning's trading session (September 5th), the VN-Index easily conquered the 1,700-point mark – its highest level ever. At 9:47 AM, the index increased by 5.5 points, reaching 1,701.66 points. Green dominated both exchanges, with HoSE's trading volume exceeding 7,400 billion VND.
The VN30 group of large-cap stocks mostly traded in positive territory, but were still unable to conquer the 1,900-point resistance level.
Banking stocks such as TCB,ACB , MBB, and VPB continue to have a strong impact, playing a leading role in driving the index. In addition, several other large-cap stocks in the sector, such as VIC, SSI, MSN, and VJC, also play a significant role.
Stock market surpasses 1,700 points (Illustrative image: Dang Duc).
Within the first few minutes of trading,SHB (Saigon - Hanoi) shares recorded a large trading volume of over 21.5 million units. This was followed by HPG (Hoa Phat) with nearly 12 million units.
Steel stocks showed mixed performance this morning after yesterday's bullish trading. Some stocks, such as HPG and HSG, are declining; some are trading sideways, and a few others are showing slight gains.
The group of leading stocks related to the " Vingroup family" all rose, including VIC, VRE, and VPL, except for VHM which fell by nearly 2%.
The stock market is buoyant ahead of the FTSE's review for an upgrade from frontier market to emerging market status, scheduled for October 7th. Vietnam has met 7 out of 9 necessary criteria, and significant progress has also been made on the remaining two criteria: settlement cycle and failed transaction costs.
HSBC has just released an estimate suggesting that, in an optimistic scenario, an upgrade by FTSE could help Vietnamese stocks attract up to $10.4 billion in foreign capital.
Source: https://dantri.com.vn/kinh-doanh/chung-khoan-vuot-dinh-1700-diem-20250905095415773.htm
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