VN-Index increased for the 5th session, Vin and Vietcombank stocks 'carried' the market

At the end of the session on March 12, VN-Index continued to increase by 1.87 points to 1,334 points, although there were 272 stocks decreasing and 189 stocks increasing, the index was mainly supported by VCB, VHM and VIC.

Notably, the total trading volume reached more than 942 million units, worth VND21,937 billion, this is also the 5th consecutive increase of VN-Index.

However, on March 12, the HoSE floor recorded the number of stocks decreasing by approximately 360 codes, 6 times more than the number of stocks increasing.

The reason the general index remained green was because the stocks with large capitalization proportions such as VCB and the Vin duo of VHM and VIC were on the rise. These three alone contributed 5.15 points to the VN-Index, being the main pillars of the market.

According to many analysts, the upward trend is still dominant and there are no negative signs indicating a reversal of Vietnam's stock market. However, at the present time, investors are advised to limit new purchases, instead prioritizing profit realization and gradually reducing the proportion when VN-Index approaches the resistance level of 1,360-1,365 points.

VN-Index increased for the 5th consecutive session. (Illustration photo)

Vietcombank shares increased by 3.1% today to 66,700 VND, at times even reaching the ceiling price during the session. Liquidity reached over 506 billion VND. Today is the last day before this bank closes the shareholder list to issue shares to pay dividends. The payout ratio is 49.5% - equivalent to 1,000 shares will receive 495 new shares. This is the largest stock dividend in the history of this bank.

The number of shares expected to be issued is nearly 2.77 billion shares. Thus, after the issuance, the number of outstanding shares of Vietcombank will increase to nearly 8.36 billion units, the largest in the market. After completing the issuance, Vietcombank will increase its charter capital from VND55,891 billion to about VND83,557 billion - the enterprise with the largest capitalization in the Vietnamese stock market.

The Vin family of stocks also increased sharply in today's session. VHM and VIC accumulated 3.2% and 1.7% respectively. Vinhomes shares alone had the 5th highest liquidity in the market with nearly 730 billion VND, while Vincom Retail (VRE) increased slightly by 100 VND, to 18,300 VND/share.

This group has grown quite well in the past few weeks thanks to receiving a lot of positive information such as Vinhomes projects launching new urban areas in Hanoi and starting many other projects, Vingroup was assigned to implement the metro project from the center of Ho Chi Minh City to Can Gio.

On the HNX floor, the HNX-Index also continued to increase slightly by 1.29 points (0.54%) to 241.87 points thanks to more positive demand in the last minutes. The total matched volume reached more than 75.05 million units, worth VND1,333.7 billion.

Similarly, UpCoM-Index closed the session down 0.08 points to 99.32 points. Total matched volume reached more than 56.406 million units, worth VND688.8 billion.

Thanh Lam