VN-Index rose nearly 12 points.

VTV.vn - Large-cap stocks boosted the VN-Index by nearly 12 points, despite increased profit-taking pressure at the end of the session; foreign investors continued to net sell more than 540 billion VND.

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The stock market on March 31st saw a tug-of-war in the afternoon session as selling pressure increased again, but the upward momentum from large-cap stocks helped the indices maintain their positive performance.

At the close of trading, the VN-Index stood at 1,674.49 points, up nearly 12 points; the HNX-Index edged up slightly to 250.98 points. The market leaned towards positive territory with over 430 stocks rising and approximately 330 falling. However, the significant increase in the number of declining stocks compared to the morning indicates that profit-taking intensified towards the end of the session. Market liquidity improved slightly, with a total trading value of approximately 27,100 billion VND.

The main driving force of the market came from blue-chip stocks; in particular, VIC rose by about 4% and contributed the most to the upward momentum of the VN-Index. At the same time, many bank stocks such as EIB, VPB, MBB,VIB … traded positively, helping to support the index. The VN30-Index increased by nearly 18 points, reflecting the leading role of large-cap stocks.

Conversely, the oil and gas sector exerted significant pressure on the market, with many stocks experiencing sharp declines, such as BSR , PVS, PVD, and PLX. The electricity sector also weakened across the board, with REE, PGV, POW, NT2, HND, QTP, GEG, etc., all trading in the red.

By sector, real estate and industrial were the two strongest gainers; with blue-chip stocks like VIC, GEX, and GEE contributing significantly. The finance and securities sector traded positively with EIB, VPB, VCI, VIX, SSI… gaining points; FTS and BSI even hit the ceiling price. Conversely, insurance stocks showed mixed performance, with BVH, BMI, and PGI declining, while PVI, MIG, BIC, and PTI edged up slightly.

Foreign investors continued to net sell over 540 billion VND across the entire market. Selling pressure was mainly concentrated on the FUEVFVND fund certificate, while SHS saw significant net buying with a value of over 240 billion VND.

Overall, the market maintained an upward trend, but it was heavily reliant on large-cap stocks, while market breadth showed signs of narrowing towards the end of the session. This indicates strong divergence in capital flows and increased short-term profit-taking pressure, potentially leading to continued sideways trading in the coming sessions.

Source: https://vtv.vn/vn-index-tang-gan-12-diem-100260331162024276.htm