VN-Index surpasses 1,300 points

Three consecutive days of gains helped the VN-Index regain the 1,300-point mark after losing it during a sharp correction due to tariff changes a month ago.

Since the beginning of the month, the VN-Index has increased in 7 out of 8 trading sessions, accumulating a total of 83 points (illustrative image).

Prior to today's session, most securities companies leaned towards the scenario that the VN-Index would quickly surpass 1,300 points due to more optimistic investor sentiment thanks to the easing of tariff risks. In reality, the index representing the Ho Chi Minh City stock exchange continuously widened its gains, breaking through a key resistance level from mid-morning. Towards the end of the session, the index surged even more strongly before closing near 1,310 points, up 16 points from the reference point.

Since the beginning of the month, the VN-Index has risen in 7 out of 8 trading sessions, accumulating a total of 83 points. The recent three-session rally alone has added 42 points to the index.

Large-cap stocks, especially in the banking sector, continued to be the driving force behind the market's rapid recovery. Six of the top 10 stocks contributing positively to today's gains were from the banking sector. VPB was the most buoyant, rising to its maximum limit of 18,900 VND, closing the session with no sellers, while over 1.7 million shares remained in the buy order list at the ceiling price. VCB, BID, LPB, TCB, and HDB followed, with gains ranging from 1.5% to 4.6%.

Most steel sector stocks rose in line with the market. HSG reversed its trend from a decline to a 3.3% increase, closing at 15,500 VND, leading the group in price fluctuation range.

The securities sector showed a similar trend, with most reversing from price declines to gains of 1-3%, while some small-cap stocks remained unchanged.

Strong divergence was observed in the real estate sector. The two leading stocks, VHM and VRE, lost 2.6% and 2.8% respectively, while mid-cap stocks like PDR, NVL, and DIG extended their gains. Vinpearl's VPL had its second consecutive day of hitting the ceiling price, closing at 91,400 VND.

Cash flow spread widely, boosting liquidity to its highest level in three weeks. The Ho Chi Minh City Stock Exchange saw over 1 billion shares successfully traded today, equivalent to a transaction value of 27,300 billion VND.

VPB đóng góp hơn 1.750 tỷ đồng trong số này khi 95 triệu cổ phiếu đổi chủ - mức cao nhất từ khi ngân hàng niêm yết trên sàn chứng khoán.FPT xếp tiếp theo trong bảng xếp hạng thanh khoản với gần 1.500 tỷ đồng, bỏ xa các mã sau đó như HPG (890 tỷ đồng), SSI (870 tỷ đồng) và MBB (730 tỷ đồng).

The index surged due to strong demand from foreign investors. Today, foreign investors disbursed nearly 5,590 billion VND, equivalent to a "bottom-buying" session after a series of sharp declines due to tariff fluctuations, while selling approximately 3,300 billion VND. The net buying value was therefore over 2,260 billion VND, the highest since the end of November 2022.

Bank stocks were a favorite choice for foreign investors during this period of investment. VPB saw net purchases of over 17 million shares, while MBB and CTG each saw around 4 million shares. In addition, several leading stocks in the retail and manufacturing sectors such as MSN, HPG, and HSG also attracted significant foreign capital.

TH (according to VnExpress)

Source: https://baohaiduong.vn/vn-index-vuot-1-300-diem-411548.html