Stock prices surged at the end of March.

Securities stocks surged strongly in the last trading session of March, leading the market upward amid expectations of an upgrade and positive earnings prospects for the first quarter of 2026, although liquidity was not yet fully consistent.

Strong capital inflows into securities stocks helped many stocks surge in the final trading session of March.

Tuesday's trading session (March 31st) closed on a positive note, with securities company stocks being the highlight, recording a sharp increase after a previous deep correction. This recovery not only reflects technical factors but is also linked to expectations of market upgrade and favorable business prospects in the first quarter of the year.

From the morning session, the VN-Index maintained its positive momentum, rising by more than 12 points and fluctuating around 1,675 points. The positive trend was widespread, with 378 stocks gaining, significantly outnumbering the 190 that declined. Notably, strong capital inflows began after 10 am, focusing on securities stocks, pushing the entire sector up by approximately 1.1% with trading value exceeding 1,200 billion VND.

Within this group, FTS stood out as a bright spot, hitting its ceiling price with buy orders exceeding 1.5 million units. Many other stocks also recorded impressive gains, such as VND (+3.3%), MBS (+3%), SHS (+2.4%), SSI (+1.9%), VCI (+1.5%), and VIX (+1.2%). Notably, HCM extended its winning streak to six consecutive sessions since its bottom, with a cumulative increase of over 12%.

The sharp rise in the securities sector occurred amidst significant declines in many stocks in the sector previously, such as SSI (down 33%), SHS (down 43%), VND (down 41%), and MBS (down 40%) since the end of August. The return of attractive valuations triggered a resurgence of capital, helping many stocks form short-term bottoms and enter a recovery cycle.

At the close of trading, the VN-Index rose 11.95 points, or 0.72%, to 1,674.49 points. The VN30 index surged even more strongly, increasing 0.98% to 1,829.59 points, acting as the leading index. On the Hanoi Stock Exchange, the HNX-Index edged up 0.39 points, while the UPCoM-Index rose 1.68 points.

Nevertheless, the overall market performance in the final trading session of the month still showed clear signs of indecision. Market breadth was relatively balanced, with 179 gainers, 144 losers, and 56 unchanged stocks on the HoSE. Liquidity improved slightly in the afternoon session, but did not truly reflect the index's movement. This indicates that capital flows remain highly selective, concentrating on specific sectors and stocks.

Within the VN30 basket, divergence was evident as large-cap stocks struggled, canceling out each other's influence. VIC surprised with a strong surge in the ATC session, rising 4.25% and contributing over 9 points to the VN-Index. Conversely, GAS fell by more than 3%, while VCB saw a slight correction, somewhat restraining the index's upward momentum.

In the mid- and small-cap group, many stocks recorded strong gains with high liquidity, such as GEE, FTS, PET, BSI, and SMC hitting the ceiling price; TCH increased by 6.42%, VGC by 4.69%, and DPG by 4.58%. This group also attracted significant capital inflows, contributing to positive differentiation in the market.

Notably, the securities sector was the most consistent and strongest performing sector in the entire market. Nearly 30 stocks rose by more than 1%, while only a few experienced slight declines. Liquidity was concentrated in leading stocks such as SSI, VIX, and VCI, with trading values ​​exceeding 300 billion VND each.

Besides technical factors, the market is also supported by expectations from the FTSE Russell upgrade review. The review results are scheduled to be announced on April 7th (US time), corresponding to April 8th in Vietnam. This is considered a crucial intermediate step in the roadmap for upgrading the Vietnamese stock market.

The expectation of an upgrade not only impacts investor sentiment but also opens up prospects for attracting foreign capital in the medium and long term. In this context, securities stocks, considered a "barometer" of the market, often react quickly and strongly to positive news.

From a macroeconomic perspective, securities experts say that the total capital needs of the economy in the coming period are estimated at least 38.5 million billion VND, of which 80% need to be mobilized from the private sector. This highlights the increasingly important role of the stock market as a primary channel for capital mobilization.

From the perspective of the regulatory body, Ms. Vu Thi Chan Phuong, Chairwoman of the State Securities Commission, stated that 2026 will mark the beginning of a new development cycle with higher demands on market quality. Key solutions include product diversification, development of institutional investors, and attracting international capital flows.

Overall, although the market remains fragmented and liquidity hasn't truly broken through, the strong comeback of securities stocks in the last trading session of March is sending a positive signal. This shows that capital is still actively seeking opportunities, especially in the context of increasingly clear expectations of market upgrades and improvements.

Source: https://thoibaonganhang.vn/co-phieu-chung-khoan-but-toc-cuoi-thang-3-179719.html