VN-Index surpasses 1,750 points

The domestic stock market continued its upward trend this morning, but the rally still largely depends on the pull of a few large-cap stocks.

For example, VIC and SAB hit their upper limit, while SSI rose by more than 1%. Although capital flows have spread more widely in recent sessions, blue-chip stocks remain the main driving force helping the VN-Index move closer to its historical peak of 1,800 points.

Meanwhile, the securities sector showed relatively cautious performance, predominantly in the red, although the corrections were not significant, mostly less than 1%, such as VCI or VND, or remained unchanged. SHS and VIX corrected by more than 1% this morning.

Although the banking sector has attracted renewed capital inflows in the past few sessions, today's performance was relatively mixed. Besides a few stocks that saw slight gains like MBB andSHB , most experienced minor corrections just below the reference price. CTG and HDB, in particular, fell by more than 1%.

Despite the mixed performance (green on the outside, red on the inside), the VN-Index still rose 14.71 points to 1755.49 points. The number of declining stocks was exactly 200, more than double the number of rising stocks this morning.

Leading beer and real estate stocks hit their upper limit, pushing the VN-Index above 1,750 points.

The stock market started the new trading week with mixed results, but the highlight came from leading stocks in the beer and real estate sectors, which unexpectedly surged, pushing the VN-Index above 1,750 points.

Despite red dominating many sectors, particularly banking and securities, the surge in some key stocks helped the index maintain its upward momentum, while foreign investors continued to heavily net sell.

At the close of trading on December 8th, the VN-Index rose 12.42 points to 1,753.54 points. Trading volume reached over 740.9 million shares, equivalent to over 21,497.3 billion VND. Across the entire exchange, there were 104 gainers, 217 losers, and 42 unchanged stocks.

The HNX-Index fell 1.97 points to 258.68 points. Trading volume reached over 54.4 million shares, equivalent to over 1,172.7 billion VND. Across the entire exchange, there were 51 gainers, 93 losers, and 63 unchanged stocks.

The UPCOM-Index fell 0.61 points to 119.88 points. Trading volume reached over 41.9 million shares, equivalent to over 541.9 billion VND. Across the entire exchange, there were 131 gainers, 130 losers, and 79 unchanged stocks.

The VN30 basket saw 21 stocks decline, while only 7 increased and 2 remained unchanged. Although the number of rising stocks was small, the gains were significant thanks to SAB beer stock hitting its ceiling price, and leading real estate stocks also reaching their maximum limit. In addition, VHM rose 2.8%, GAS increased 2.19%, and PLX gained 4.8%.

The banking sector stocks performed negatively, with widespread declines, and securities stocks also saw significant drops. In the real estate sector, apart from leading stocks that saw strong gains, mid-cap and small-cap stocks were also in the red.

The media services sector recorded the sharpest decline in the market, mainly driven by VGI (down 1.63%), CTR (down 1.16%), FOX (down 2.86%), MFS (down 0.54%), and FOC (down 0.77%).

Regarding foreign investor transactions, they continued to net sell over VND 1,881 billion on the HOSE exchange, focusing on VPL (VND 1,548.9 billion), VIC (VND 184.87 billion), SSI (VND 167.87 billion), and GMD (VND 92.8 billion). On the HNX exchange, foreign investors net sold over VND 45 billion, focusing on CEO (VND 14.73 billion), MBS (VND 8.91 billion), PVI (VND 4.61 billion), and TNG (VND 3.56 billion).

The fact that the VN-Index surpassed the 1,750-point mark amidst a market breadth heavily skewed towards sellers indicates that capital is concentrating on a few leading stocks rather than spreading across the entire market. The breakout of leading stocks in the beer and real estate sectors – especially those that hit their upper limit – played a key role in driving the index up, even though the banking and securities sectors declined simultaneously.

High liquidity indicates continued positive investor sentiment, but strong net selling by foreign investors is a factor to watch, especially as large-cap stocks like VPL, VIC, and SSI face ongoing pressure. In the short term, the VN-Index may continue to fluctuate within a wide range, depending on the resilience of leading stocks and expectations regarding year-end macroeconomic information.

Source: https://vtv.vn/vn-index-vuot-1750-diem-1002512081750371.htm