At the opening of the morning session on July 28, money quickly poured into the stock market, thereby pushing the majority of stocks up. The VN-Index increased gradually from early morning to late morning, from a few points to more than 21 points.

At 11:11 a.m. on July 28, the VN-Index increased by 21.66 points (1.4%) to nearly 1,553 points. This is a new record high.

At the end of the morning session on July 28, VN-Index increased by 18.93 points (+1.24%) to nearly 1,550.06 points.

At the end of last week, the VN-Index surpassed the 1,528-point threshold recorded in January 2022 (according to the closing index) and was just below the 1,535-point level - the record level recorded in the session in January 2022.

Most of the pillar stocks increased sharply. Saigon-Hanoi Bank ( SHB ) shares increased nearly to the ceiling price of 16,000 VND/share with foreign investors net buying about 12.5 million units. Masan (MSN) shares of billionaire Nguyen Dang Quang increased sharply by 2,100 VND to 77,900 VND/share. VietJet (VJC) shares continued to increase sharply by 6,800 VND to 128,700 VND/share.

" Gelex " stocks all broke out, the market was covered with a widespread excitement.

Cash flow also spread from large-cap stocks to mid- and small-cap stocks, and speculative stocks. Overall, 293 stocks increased in price across the market, of which 19 hit the ceiling, and only 107 stocks decreased in price.

In general, the groups of stocks with positive performance are still the securities, banking and real estate groups. Many banking codes set new price records, such as Techcombank (TCB), Vietinbank (CTG), VPBank (VPB), MBBank (MBB), LPBank (LPB), Hdbank (HDB), Sacombank (STB),...

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VN-Index hits historic peak, surpassing 1,550 points. Photo: HH

On the morning of July 28, the strength of most stocks helped offset some price declines such as: Vinhomes (VHM), Vincom Retail (VRE), Mobile World (MWG), Petrolimex (PLX)...

Liquidity increased dramatically to VND25.5 trillion in just one morning on the HoSE floor.

Although VN-Index reached a historical peak, many stocks have not yet returned to their golden age like Vinamilk (VNM). Novaland (NVL) shares are even only 1/5 of their old peak.

There are many factors that have helped the stock market soar to a historic peak. These include stable macro-economy and high economic growth. The government continues to set a target of 8.3%-8.5% GDP growth in 2025.

Next, money supply and credit growth both increased. Credit growth in the first 6 months of the year was nearly 10%, the target for 2025 is 16% and may even reach 18%-20%. In addition, interest rates remain low, the Government maintains a loose policy, supporting economic growth. Fiscal policy is also expanded by boosting public investment, determined to disburse 100% of the investment plan in 2025.

In addition to the macro environment supporting the stock market, it is highly likely that by September this year, Vietnam's stock market will be upgraded from frontier to emerging according to FTSE criteria. This is an important effort by the Government to attract foreign investment capital and enhance the position of the Vietnamese stock market in the international arena. At that time, Vietnam's stock market will attract foreign capital quite well. Proof of this is that foreign investors have returned to strong net buying in the past 3 weeks.

The banking group still has quite good profit growth. The real estate group faced many difficulties last year, but this year has been better.

Masan (MSN), chaired by billionaire Nguyen Dang Quang, reported on the morning of July 28 that its first two-quarter profits had fulfilled more than 50% of its 2025 profit plan thanks to its consumer - retail - technology platform. The meat and retail segments grew well, supporting the consumer segment in the first half of the year.

The strength of cash flow into Vietnamese stocks is also supported by positive information in the international market. US stocks increased for 5 sessions last week, continuously setting new records.

Stocks surged to near historic peaks, expected to set new records this year . Profit-taking pressure increased while cash flow continued to pour in, causing the stock market to shake violently, but at the end of the session it still increased quite strongly and reached near historic peaks. What is the outlook for the market in the coming time?

Source: https://vietnamnet.vn/dong-tien-ty-usd-don-dap-do-vao-vn-index-lap-dinh-lich-su-tren-1-550-diem-2426339.html