VN-Index reaches new peak, nearing 1,700 points.

At the close of trading on the afternoon of September 4th, the VN-Index increased by 14.99 points, reaching 1,696.29 points with a trading volume of over 1.37 million shares, equivalent to nearly 39,827 billion VND.

Illustrative image. Source: Vietnam+

After a volatile morning session, the Vietnamese stock market surged strongly in the afternoon of September 4th, pushing the VN-Index to a new peak of 1,696.29 points, close to the 1,700-point mark – a milestone that many investors had previously found "hard to imagine".

At the close of trading, the VN-Index rose 14.99 points to 1,696.29 points, with a trading volume of over 1.37 million shares, equivalent to nearly 39,827 billion VND. Across the entire exchange, there were 195 gainers, 130 losers, and 53 stocks that remained unchanged.

The HNX-Index rose 1.29 points to 283.99 points, with a trading volume of over 114.3 million shares, equivalent to 2,812.4 billion VND. Across the HNX exchange, 86 stocks increased in price, 77 decreased, and 64 remained unchanged.

The UPCOM-Index rose 0.8 points to 111.85 points, with a trading volume of over 77.1 million shares, equivalent to 1,144 billion VND. Across the entire exchange, 178 stocks increased in price, 82 decreased, and 95 remained unchanged.

The banking sector led the gains, with MSB rising 3.93%, VAB 3.1%, VCB 2.84%, BAB 2.74%, NAB 2.52%, BVB 2.48%, ABB 2.38%, SSB 2.36%, TPB 2.14%, LPB 2.13%, while CTG andACB maintained their positive performance.

The steel sector surged, becoming a focal point for capital inflows: HPG rose 6.04%, HSG hit its ceiling with a 6.89% increase, NKG hit its ceiling with a 6.78% increase, TLH hit its ceiling with a 6.96% increase, SMC rose 3.19%, VCA rose 3.61%, and HMC rose 0.42%.

The upward trend was bolstered by positive news from the Chinese market and expectations of improved domestic consumption in the second half of the year.

The securities and retail sectors also saw strong gains, with SSI rising 2.3%, HCM 2.95%, CTS 4.38%; MWG 2.24%, PNJ 2.43%, DGW 1.97%, and FRT 1.33%.

Foreign investors continued to net sell approximately 819 billion VND; of which, VPB was the most heavily net sold at 398 billion VND; other large-cap stocks in leading sectors such as VHM, MSN, MWG, and GEX were net sold at 100-200 billion VND.

The trading session on September 4th closed with the VN-Index reaching a new peak near 1,700 points, raising expectations of further testing this historical milestone in the coming sessions.

PV (compiled)

Source: https://baohaiphong.vn/vn-index-lap-dinh-moi-sat-moc-1-700-diem-519926.html