Leading blue-chip stocks propel VN-Index up by over 2%.

The stock market recorded a strong upward session on December 16th, thanks to the surge in Vingroup's shares.

During the morning session, the stock market declined for most of the trading time. The drop in key stocks impacted investor sentiment and the market as a whole. By lunchtime, the VN-Index had fallen 7.9 points to 1,638.11 points.

Most stocks in the VN30 basket increased in price. (Screenshot)

In the afternoon session, the market performed positively with strong demand, especially for large-cap stocks. Green dominated the electronic trading board with 253 stocks rising and 66 falling. Within the VN30 basket, only 2 stocks were in the red, while 26 were in the green.

At market close, the VN-Index rose 33.17 points (2.02%) to 1,679.18 points; the VN30-Index closed at 1,909.87 points, up 40.03 points (2.14%).

Strong demand helped most sectors rise; the most positive performance was seen in consumer services, energy, essential air travel, financial services, and credit institutions.

Hardware and equipment, and essential goods trading are two sectors that are going against the market trend.

Strong market support came from Vingroup 's shares, with VPL and VHM contributing 2.46 points to the VN-Index. The banking sector also significantly impacted the market's rise, with HDB contributing 2.03 points, TCB (1.71 points), CTG (1.68 points), and VPB and MBB contributing 1.43 and 1.36 points respectively.

Other stocks such as MWG, GAS, and BSR also provided positive support to the market.

Liquidity increased again, reaching nearly 24,500 billion VND. Foreign investors traded fairly evenly, buying over 3,588 billion VND and selling nearly 3,594 billion VND.

On the Hanoi Stock Exchange, the total trading value reached nearly 1,600 billion VND. At the close of the session, the HNX-Index stood at 255.08 points, an increase of 5.71 points (2.29%).

The HNX30-Index increased by 21.83 points (4.14%), to 548.93 points.

Source: https://hanoimoi.vn/co-phieu-tru-cot-dan-dat-vn-index-tang-hon-2-727067.html