Construction stocks surge.

Construction and engineering stocks surged in the first trading session of the week, driving the market to close in positive territory.

After a week of sideways trading, investor sentiment became more cautious. This was reflected in today's session, where the VN-Index fluctuated within a range of no more than 5 points. After the opening auction, the HoSE index surpassed the reference level, but the gains were short-lived. The decline in some large-cap stocks pulled the market back close to the reference level. The divergent performance within the banking sector – a group with a high market capitalization – kept the market moving sideways.

Instead, the money flow is directed towards mid-cap and penny stocks, such as construction and engineering companies, and some real estate stocks.

After a brief lull at the end of the morning session, construction stocks surged. HBC and LCG were completely sold out, while C4G, VNE, and VCG rose by over 5%. Alongside the construction sector, building materials stocks also saw strong gains, with cement and steel shares rising sharply.

In the real estate sector, CII, NBB, SCR, and NLG closed in positive territory. DIG briefly rose 1.4% but was pushed back to its reference price by selling pressure at the end of the session.

In the large-cap group, trading was more balanced. Bank stocks led the positive trading group, with TCB, VPB, MBB, TPB, and STB closing up more than 1%. However, conversely, VCB was also the biggest loser, falling 1.2%.

The VN-Index closed the session with a slight increase of 3.57 points (0.33%) to 1,070 points. The VN30-Index rose nearly 5 points to close close to 1,074 points. On the Hanoi Stock Exchange, the HNX-Index and UPCOM-Index closed in positive territory.

Due to the widespread green in the mid-cap and penny stock groups, the number of advancing stocks overwhelmingly outnumbered declining stocks on the HoSE. The exchange closed with 263 gainers compared to 125 losers. Meanwhile, trading in the VN30 group was more balanced, with a gainer-declining ratio of 16:10.

Liquidity on the HoSE exchange reached over 12,500 billion VND, with the VN30 group alone accounting for over 4,000 billion VND in transactions. Foreign investors maintained a net selling position of nearly 470 billion VND.

Minh Son

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