VN-Index regains the 1,100 point mark.

Stock markets saw another day of gains driven by the oil and gas sector, with the VN-Index surpassing 1,100 points, although liquidity remained low.

The VN-Index's tug-of-war around the 1,100-point mark has created a cautious sentiment in the stock market. The unclear trend has led most buyers and sellers to choose to observe from the sidelines. Throughout the morning session, the VN-Index traded within a range of less than 5 points above the reference level.

The most notable developments occurred in the latter half of the afternoon session as buying pressure increased. Capital flowed into the oil and gas, real estate, retail sectors, and some recently-seen stocks like HAG, boosting the market. Conversely, pressure on some banking stocks in the VN30 index dampened the overall gains.

At the close of trading, the VN-Index stood at 1,102.8 points, up 7.37 points (0.67%). The last time the VN-Index was near the 1,100-point mark was on November 22nd.

The VN30-Index rose at a smaller rate, gaining just over 4 points (0.43%). On the Hanoi Stock Exchange, the HNX-Index gained over 1%, while the UPCOM-Index increased by 0.46%.

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World gold prices have risen again, approaching the $4,100 mark.Global gold prices recovered strongly, approaching the $4,100/ounce mark. However, overall this past week, the precious metal lost approximately 2.6% of its value.

The VN-Index experienced a brief surge, then fell sharply after a record-breaking rally.The VN-Index retreated to 1,736.68 points after a nearly 80-point increase in the previous session, with 410 declining stocks overwhelmingly outnumbering 291 rising stocks.

Market liquidity remained low, reaching just over 14,700 billion VND. Of this, the trading value on the HoSE exchange recorded over 12,600 billion VND, a decrease of nearly 1,500 billion VND compared to the previous session.

At the end of the trading session, the HoSE exchange saw 383 stocks rise in price, compared to 122 stocks that fell. Within the VN30 group, 19 out of 30 stocks maintained their gains.

Oil and gas was the most notable name today, rising by over 3.3%, with "P-sector" stocks significantly outperforming their benchmarks.

PLX was the stock that contributed most positively to the VN-Index, adding 0.68 points as it closed up more than 6% at 35,800 VND. Several other oil and gas stocks such as PVS, PVD, PVB, PVC, OIL, and BSR also traded positively.

Besides oil and gas, mid-cap real estate and retail stocks also attracted attention. HQC, NVL, PDR, and DIG rose 1-3%. In the retail sector, MSN, DGW, and FRT traded positively.

Conversely, pressure on the index today came from several large-cap bank stocks. In the VN30, STB fell 1.2%, while VCB, VPB, and TCB closed in the red. VCB was also the stock with the most negative impact on the index, contributing nearly 1 point to the VN-Index's decline.

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Minh Son

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