Green color covers the whole country, VN-Index breaks out nearly 19 points

The trading session on November 17 ended with green spreading strongly across the stock market, marking the third consecutive increase of VN-Index and also the highest closing level in nearly a month. VN-Index increased by 18.96 points to 1,654.42 points (+1.16%), showing a solid recovery momentum after a period of strong fluctuations at the beginning of the month.

VN-Index surpasses 1,654 points as real estate and banking lead the wave

Right from the beginning of the session, cash flow focused on pillar industries such as banking, real estate, steel and technology, helping the VN-Index maintain a positive state throughout. Although there were times when the index narrowed its amplitude and fluctuated around the reference, stable demand from large-cap groups helped the index rebound strongly towards the end of the session.

HoSE recorded 227 stocks increasing in price, completely overwhelming the 86 stocks decreasing. In the large-cap basket, 28/30 VN30 stocks increased, only two stocks recorded red, showing high consensus among the market leaders.

The real estate group was the focus when a series of stocks broke out. DIG increased by 4.4%, PDR increased by 3.83%, while QCG, HDC, DXS all increased by more than 3%. Notably, NVL continued to increase the ceiling price for the second consecutive session to 15,100 VND/share with a trading volume of up to 18.5 million units and a ceiling price purchase surplus of more than 6.6 million shares. Since the session on November 11, NVL has increased by nearly 24%, becoming one of the stocks with the strongest increase in the midcap group.

According to VNDirect statistics, VIC contributed the most to the VN-Index, increasing 2.84% to 217,000 VND/share, equivalent to 5.31 points for the index. VHM contributed 1 more point, while HPG and GVR each contributed more than 0.6 points.

The banking group recorded green covering all stocks on HOSE. EIB led with an increase of 3.7%, followed by MSB, SSB, STB,SHB with amplitudes from 1% to 4%. Large-cap stocks such as VCB, CTG, BID, TCB increased more modestly but still contributed positively to the general trend.

Although the stock groups were divided, green dominated. SSI, HCM, VCI, VND all increased around 1-2%, while TCX of Techcom Securities increased 2% to 45,100 VND/share.

Steel, retail, rubber, fertilizer... groups also increased in price, creating strong support for the general trend.

Market liquidity reached VND21,500 billion on HoSE, slightly higher than the average of the last 5 sessions but still much lower than the high level of previous months. The VN30 basket contributed more than VND10,500 billion, showing that active cash flow is moving towards the large-cap group.

SHB is the only stock with a trading value of more than 1,000 billion VND, far surpassing the remaining codes such as HPG, VIC, VIX.

The downside of the session was that foreign investors continued to net sell nearly 1,000 billion VND on all 3 exchanges, extending the net selling streak to the 9th consecutive session. Selling pressure focused heavily on STB, VND, VHM, VIC, VRE, MB..., while they net bought HPG,FPT , VNM, KDH and PVD.

The continuous increase of VN-Index over the past week has been strongly supported by the information that the National Assembly passed the Resolution on the economic development plan for 2026, with a GDP growth target of over 10%. According to KB Research's assessment, expectations of loose fiscal and monetary policies will continue to support investor sentiment, promoting the possibility of expanding the stock market's growth momentum.

However, the low liquidity shows that the demand for high prices is not really strong. KB Research believes that with the medium-term uptrend still maintained, VN-Index can completely reach the resistance zone of 1,670 - 1,680 points if it maintains the 1,650 point mark in the coming sessions.

Yuanta Vietnam believes that the market is in a short-term accumulation phase. The index has not clearly surpassed the resistance zone of 1,655 points, so liquidity may continue to be low. However, the short-term outlook has improved and the risk of correction is gradually decreasing.

According to experts, a stable macro-economic foundation and policies supporting economic growth are the main driving forces. If the VN-Index can maintain above 1,630 points by the end of this week, the index may return to the 1,700-point zone in the near future. On the contrary, if it breaks the 1,580-point mark and liquidity increases suddenly, the risk of a deep correction will appear.

Source: https://thoibaonganhang.vn/sac-xanh-phu-rong-vn-index-but-pha-gan-19-diem-173694.html