VN-Index surpasses 1,700 points

At the start of the new trading week, December 1st, the VN-Index rose by more than 16 points to 1,707 points, much to the surprise of many investors. This is the highest level the index has reached since mid-October. However, on many online groups and forums, a considerable number of investors were not so happy.

Mr. Truong Nam, an investor holding stocks in the securities, real estate, and banking sectors, said that as soon as he heard that the VN-Index had risen above 1,700 points, he immediately checked his portfolio but saw no stocks that had increased in price.

"If I didn't hold Vingroup stocks like VIC, VHM, VRE, and a few other large-cap stocks, my portfolio wouldn't have improved even though the overall index is at its highest level in over a month," said Mr. Nam.

According to reports, by 9:40 AM on December 1st, the VN-Index had increased by more than 14 points, but the main contributor to this increase was VIC shares, which gained over 10.2 points. Other stocks such as VHM, VPL, VCB, SAB, and VJC contributed between 0.42 and 2.37 points.

The surge was mainly driven by large-cap stocks in the VN30 index, helping it surpass the 1,930-point mark.

- Ảnh 1. — VN-Index surpasses 1,700 points

Analyst Nguyen Thai Hoc from Pinetree Securities Company analyzed the "green outside - red inside" trend of the VN-Index continuing from last week, as the index was mainly supported by Vingroup group stocks.

In the past week alone, although the VN-Index rose by more than 36 points, the trio of VIC, VPL, and VHM contributed nearly 40 points, while most of the rest of the market fluctuated sideways and continued to consolidate. Liquidity remained low, reflecting cautious sentiment, especially given that capital flows were not widespread but concentrated in a few large-cap groups.

"Individual investors have been net sellers for two consecutive weeks, but the VN-Index has maintained its upward momentum and held firm above the 1,700-point mark. This week, the index is likely to continue to show divergence among different sectors. For investors seeking new opportunities, they can allocate a small proportion of their capital, prioritizing stocks with positive price movements, strong fundamentals, and those attracting investment, especially in the oil and gas, consumer goods, real estate, chemical, and technology sectors," Mr. Hoc stated.

Experts at MBS Securities believe that the VN-Index recovered for three consecutive weeks, closing November with a 3.2% increase, amidst a market lacking supportive information and consequently low liquidity.

According to statistics, the probability of a market rally in December is quite high each year, with the market rising for the two previous years. Combined with seasonal factors, the market is expected to be positive in the latter half of December as supporting information converges.