Steel stocks support the market.

Steel prices rose for the second consecutive day, boosting steel sector stocks like HPG, NKG, and HSG, helping the VN-Index reverse its downward trend at the end of the session.

Today, the steel and resources sectors were dominated by green on the stock exchange. Among the leading stocks in this sector, NKG rose 4.6% with nearly 390 billion VND in trading volume, with active buying accounting for 58% of matched orders. The two "giants," HSG and HPG, also closed higher, increasing by 3.1% and 1.5% respectively. Hoa Phat 's stock alone ranked third among the stocks contributing the most to the market's gains.

Smaller-capitalization groups also recorded significant price accumulation. VGS, in particular, closed 6.1% higher than the reference price. Steel and resources sectors saw strong gains today.

Stocks in this sector surged following news of continued steel price increases. Hoa Phat announced a price hike of 160,000 VND per ton for CB240 rolled steel in the North, reaching 13.74 million VND. Viet Y also adjusted the price of this type of steel by an additional 150,000 VND per ton. This marks the second consecutive price increase after nearly three months of stagnation.

Furthermore, today's market was also supported by the "trio" of securities, real estate, and banking sectors. Liquidity-driven stocks such as SSI, VND, STB, DIG, DXG, PDR, and VHM all rose by 1-2%, mainly due to price accumulation in the final minutes of the session. According to VNDirect, VHM and BID were the two stocks contributing the most to the market's gains.

Thanks to this, the VN-Index avoided a decline. The HoSE index, the representative index of the HoSE exchange, experienced a rather sluggish trading atmosphere in the morning, causing it to fall to around 1,076 points before the midday break. Investors participated more actively in the afternoon, and the VN-Index gradually improved as a result.

In the final minutes of the trading session, the index recovered from its losses and closed at 1,095.4 points, 7 points higher than yesterday. The number of rising and falling stocks was not significantly different, with 290 and 210 stocks respectively.

Liquidity on the HoSE exchange moved in the same direction as the index, increasing by more than 2,900 billion VND to approximately 14,000 billion VND. Foreign investors had their third consecutive net buying session, but the difference was only over 47 billion VND.

Tat Dat

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