Vietcombank's shares corrected, but the VN-Index maintained its positive performance.

Two real estate stocks, DIG and KBC, attracted significant capital inflows, with trading volume surging to over one trillion VND. KBC rose to its maximum allowed limit and was one of the positive contributing factors to the overall index's upward trend.

KBC shares hit the ceiling price on March 3rd and were among the top 10 stocks contributing the most points to the VN-Index increase.

The dominant green color pushed the VN-Index up despite VCB's decline.

After surpassing its 2023 peak of 1,255.11 points, the VN-Index continued to rise, albeit with some fluctuations in the first trading session of the new week. The VN-Index closed at 1,261.4 points, up 3.1 points (+0.25%) compared to the end of last week.

Vietcombank shares – the largest listed company by market capitalization – fell 1.34%. VCB shares closed at VND 96,000 per share. In the last three trading sessions, after surpassing VND 100,000 per share, VCB has not recorded a single session closing higher.

Nevertheless, with a dominant green trend, both the VN-Index and HNX-Index rose simultaneously. In total, the entire exchange saw 462 stocks increase, with 28 hitting the ceiling price; while only 294 stocks decreased and 12 hit the floor price.

The top 10 stocks contributing most positively to the VN-Index were GVR, CTG, HVN, BCM, KBC, MWG, NLG, VNM, and MBB. Vietnam Airlines ' HVN stock unexpectedly surged by the maximum allowed limit of 6.67%, closing at 50,710 VND per share. KBC also hit the ceiling limit, rising 6.89%. Meanwhile, on the HNX exchange, PVS, HUT, PTI, TNG, and CDN were the leading stocks driving the gains.

The banking sector saw mixed trading, with many stocks correcting after a prolonged rally. Negative credit growth figures for the first two months of the year put some selling pressure on this group of stocks at the start of the session. However, there were still some bright spots such as CTG (+1.12%), LPB (+0.88%), etc.

Meanwhile, real estate stocks recorded many positive developments. Industrial real estate also performed very well, concentrated in stocks that had not risen much before, with a surge in liquidity such as TIP (+6.96%), KBC (+6.89%), BCM (+2.83%), IDV (+2.65%)... apart from stocks with slight corrections and below-average liquidity such as SIP (-1.06%), IDC (-0.85%), D2D (-0.70%)... In the residential real estate sector, some stocks also increased sharply with a surge in trading volume such as NLG (+6.89%), KDH (+2.86%)...

Securities stocks rose sharply at the beginning of the session but a correction occurred in quite a few stocks. In a recent document sent to securities companies, the Ho Chi Minh City Stock Exchange (HoSE) announced that from March 4th to March 8th, 2024, it will be transitioning to the new KRX information technology system. Accordingly, HoSE requires securities companies to prepare their systems for the transition according to the schedule, conduct system checks, and verify the transition. Between March 11th and March 15th, 2024, securities companies will test the order entry process, ensuring it operates like a normal trading day.

Over a billion shares changed hands on the HoSE exchange, with trillion-VND trading volume seen in DIG and KBC.

Not only did both indices on the listed exchange continue to maintain their positive momentum, but the highlight of today's session was the market's liquidity. Trading activity in the stock market was vibrant.

The total value of matched orders on the two listed exchanges reached approximately 30,800 billion VND, exceeding the average. Specifically, on the HoSE exchange, a total of 1.18 billion shares were traded with a transaction volume of 28,606 billion VND. Trading value on the HOSE exchange increased by 18% compared to the previous session, reaching its highest level in over a week. Trading on the HNX exchange also saw a significant increase to 2,206 billion VND.

Leading in liquidity were DIG and KBC shares, with trading values of VND 1,400 billion and VND 1,166 billion respectively.

Foreign investors continued their net buying streak for the second consecutive session, but the value of purchases narrowed significantly compared to yesterday, with net disbursements totaling only VND 110 billion. Foreign investors focused their purchases most heavily on KBC (+VND 282 billion) and DIG (+VND 104 billion) – the two most actively traded stocks of the session. The stocks with the highest net buying by foreign investors all closed in positive territory, some even experiencing impressive price increases. Conversely, the FUEVFVND fund certificate (-VND 116 billion) and HPG (-VND 109 billion) faced the greatest net selling pressure.

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