VN-Index rose by more than 51 points.

VTV.vn - The Vietnamese stock market rallied on March 11th as strong capital flows helped many stocks hit their upper limit and indices surged across the board.

Stocks surged, VN-Index rose more than 51 points.

At the close of trading on March 11th, the VN-Index rose 51.61 points to 1,728.34 points – the highest level of the day, indicating that the upward momentum was still being maintained. The other two indices also performed positively, with the HNX-Index increasing 6.95 points to 247.02 points and the UPCOM-Index increasing 2.33 points to 124.58 points. The VN30-Index rose 52.98 points to 1,889.94 points, reflecting the leading role of large-cap stocks.

The market strongly favored buyers with 578 stocks rising, including 52 that hit the ceiling price, while only 149 stocks declined. Specifically, on the HOSE exchange, 291 stocks rose compared to 57 fell; the HNX had 133 rising and 34 falling; and UPCOM also recorded 209 rising stocks, overwhelmingly outnumbering the 65 falling stocks.

The market's upward momentum was driven by several large-cap stocks. In terms of their contribution to the index, VIC provided the most support, helping the VN-Index rise by approximately 6.9 points, followed by VHM (up 5.52 points), GAS (up 3.18 points), BSR (up 2.60 points), and GVR (up 2.03 points). Conversely, downward pressure on the index was relatively limited and mainly came from BID (down 0.15 points), DCM (down 0.06 points), BFC (down 0.03 points), APG (down 0.03 points), and LGC (down 0.02 points).

Green was widespread across most sectors, especially banking, real estate, and securities. The oil and gas sector also rebounded strongly, with BSR hitting the ceiling price with a 6.95% increase, PVS rising 6.64%, PVT increasing 4.32%, and PLX gaining 2.79%.

The retail and consumer sector attracted significant capital inflows as FRT and DGW hit their upper limits, rising 6.96% and 6.97% respectively, while MWG increased by 6.79% and MSN by 6.88%. Simultaneously, the securities sector continued its active trading with VIX hitting its upper limit of 6.88%, EVF by 6.67%, and VCI by 4.2%. Many industrial stocks also surged, including GMD (up 6.99%), GEX (up 6.92%), VCG (up 6.77%), and HAH (up 6.93%).

In the banking sector, most stocks maintained positive gains, contributing to the market's momentum; TCB rose 2.64%, STB 2%, HDB 2.39%, VPB 3.73%, and TPB 2.81%.

Total market liquidity reached over 31,263 billion VND, with HOSE alone recording approximately 29,500 billion VND. Although lower than some previous sessions, this trading volume still reflects the continued high level of capital flow.

Foreign investors also returned to strong net buying with a value of approximately VND 1,147 billion; of which, MWG was the largest net buyer with over VND 595 billion, followed byACB with approximately VND 116 billion and HPG with approximately VND 113 billion.

The positive market performance on March 11th exceeded the expectations of several analysts. Previously, Vietnam Construction Securities Joint Stock Company (CSI) had predicted that the VN-Index might correct to around 1,600 points before recovering. However, strong capital flows helped the market quickly regain its upward momentum.

Source: https://vtv.vn/vn-index-tang-hon-51-diem-100260311183215475.htm