A massive influx of capital helped the VN-Index rise by more than 16 points.

Strong capital inflows into the banking, real estate, and securities sectors helped the VN-Index rise by more than 16 points to 1,276.42 points, marking its highest price level since the end of August 2022.

Domestic investors' cautious sentiment was somewhat eased after yesterday's strong rally. As a result, a massive influx of capital returned to the market, helping the index representing the Ho Chi Minh City stock exchange to rise sharply on March 21st.

Specifically, the VN-Index rose more than 10 points above the reference point after the opening bell, reaching the 1,270-point mark. The positive trend continued in the following minutes, although the increase narrowed. Strong buying pressure pushed the index sharply higher after the lunch break, finally closing the trading session on March 21st at 1,276.42 points, an increase of 16.34 points compared to the reference point. This is the highest price level since the end of August 2022.

The Ho Chi Minh City Stock Exchange today recorded 379 stocks closing in the green, more than three times the number of declining stocks. Among the rising stocks, 11 hit the ceiling price, and most closed with no sellers. The VN30 basket had 25 declining stocks, 5 unchanged stocks, and no stocks falling below the reference price.

TCB led the gains among large-cap stocks, closing 6.6% higher than its reference price. The next two positions were also held by bank stocks: HDB rose 5.8% to 23,900 VND andVIB increased 3% to 24,300 VND.

Overall, bank stocks were the most bullish group in today's trading session. Of the top 10 stocks contributing positively to the VN-Index, seven were from the banking sector. Only two stocks in this group bucked the market trend: EIB and LPB, which fell by 1.6% and 0.9% respectively compared to the reference price. Positive gains were also seen in the securities, pharmaceutical, steel, oil and gas, fertilizer, port, and aviation sectors, but with smaller increases.

Today, 1.25 billion shares changed hands on the Ho Chi Minh City Stock Exchange, equivalent to a transaction value of over 29,614 billion VND. Trading volume increased by 300 million shares compared to the previous session, while transaction value increased by approximately 7,000 billion VND. A massive influx of capital in the final minutes of the session resulted in four stocks recording transaction values exceeding one trillion VND: VND (1,509 billion VND), DIG (1,387 billion VND), PDR (1,211 billion VND), and SSI (1,025 billion VND). Among these, PDR closed at its ceiling price with no sellers, while over 2.5 million shares remained unsold.

While domestic investors were aggressively disbursing funds, foreign investors sold net more than 357 billion VND. The value of sales by this group reached over 2,400 billion VND, while purchases amounted to only about 2,043 billion VND. This marks the eighth consecutive session that foreign investors have sold off shares on the Ho Chi Minh City stock exchange.

The value of negotiated transactions on the Ho Chi Minh City stock exchange today reached over 2,040 billion VND, withSHB shares accounting for approximately 400 billion VND of this amount. Several other bank stocks such as MSB, TCB, and EIB also recorded large volumes of negotiated transactions.

Source