Real estate stocks are booming

VHM contributed the most to the VN-Index's increase, with green dominating the real estate sector's trading board following the approval of the revised Land Law draft.

The stock market experienced significant fluctuations today. Trading was sluggish in the morning, with liquidity only half of what it was yesterday morning. The trading screen showed little movement, with the VN-Index only rising slightly, primarily driven by the VN30 basket. By the end of the session, the HoSE index had fallen back close to its reference level.

In the afternoon, the market became significantly more active. The VN-Index rose and attempted to test the 1,170-point level but failed. Investors poured money in, leading to a noticeable increase in liquidity. At the close of the session, the VN-Index rose by more than 6.5 points to over 1,169 points.

On the HoSE exchange, 289 stocks increased in price, significantly more than the 167 stocks that decreased. Leading the gains were real estate, retail, and banking stocks.

This morning, the National Assembly passed the revised draft Land Law with many important provisions regarding land valuation, land lease fees, and land use rights transfer... The market immediately reacted positively to this information.

Many real estate stocks were in the green, driven by high liquidity. VHM rose 3.1%, becoming the stock contributing the most to the market's increase. NLG closed 5.2% higher than the reference price, while KDH gained 3.8%. In addition, other stocks such as PDR, DXG, VRE, and KBC all increased by over 1%.

With a strong correlation, bank stocks also performed positively. BID, CTG, and VPB all increased by 1% or more, ranking 2nd, 3rd, and 4th respectively among the stocks contributing positively to the VN-Index. Except for HDB, which saw a slight decrease, all stocks with trading volumes in the hundreds of billions of VND closed in the green.

The index rose, but liquidity in the Ho Chi Minh City market declined, largely due to cautious sentiment in the morning. The total trading value reached nearly 13,200 billion VND, a decrease of approximately 3,500 billion VND.

Foreign investors continued their net buying streak for the sixth consecutive session, with net purchases totaling nearly 60 billion VND. MWG continued to lead the market, followed by VHM, VCG, VCB, and VPB.

Tat Dat

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