VN-Index surpasses 1,837 points

VTV.vn - Closing the first trading session of the week on April 20, the VN-Index increased by 19.94 points to 1,837.11 points.

VN-Index surpasses 1,837 points, with leading real estate stocks driving the rally.

Closing the trading session on April 20th, the Vietnamese stock market maintained the impressive upward momentum of the VN-Index, but the overall picture continued to show deep divergence as capital flows concentrated mainly on large-cap stocks, especially those in the Vingroup group.

Closing the first trading session of the week on April 20th, the VN-Index rose 19.94 points to 1,837.11 points. The strong upward movement of the index was mainly driven by the pull of a few key stocks, amidst a less positive performance from most of the market.

The highlight of the trading session was VHM shares, which surged 6.9%, closing at VND 145,100 per share. VHM's breakout contributed 8.16 points to the VN-Index.

Positive developments emerged after Vinhomes Joint Stock Company adjusted its documents for the 2026 Annual General Meeting of Shareholders, raising its revenue target to VND 285,000 billion and its after-tax profit target to VND 60,000 billion, representing increases of 14% and 20% respectively compared to the previous plan.

In a short period of time, the company adjusted its revenue upwards by approximately 35,000 billion VND and its profit upwards by 10,000 billion VND.

In the same direction, stocks in the Vingroup group also rose simultaneously. VIC increased 1.6% to 191,000 VND/share. VRE increased 3% to 29,450 VND/share, while VPL increased 3% to 85,300 VND/share. The consensus among these stocks became the main support for the market during the session.

Thanks to significant contributions from the Vingroup group and several other large-cap stocks such as VCB (up 1%), HDB (up 2.7%), and GEE (up 7%), the VN30 index rose 20.93 points, or 1.05%, to 2,009.04 points, further solidifying the leading role of large-cap stocks in the market.

However, despite the sharp increase in the index, the market clearly showed a "green on the outside, red on the inside" pattern. On the HOSE exchange, 154 stocks rose and 147 fell, indicating significant divergence. While blue-chip stocks pulled the index up, most of the remaining stocks fluctuated within a narrow range or faced downward pressure.

In the banking sector, performance was also quite mixed. Some stocks like VCB, TCB, and HDB maintained their gains, while other large-cap stocks such as VPB, BID, STB, and MBB traded below the reference price. Profit-taking pressure also emerged in many sectors such as oil and gas, chemicals, and aviation, with stocks like BSR , GAS, GVR, and VJC all under pressure.

On the HNX exchange, the contrasting trends were more pronounced, with the HNX-Index falling 2.67 points, or 1.03%, to 257.33 points. This reflects the weakness of mid-cap and small-cap stocks, while capital continued to flow into leading stocks on the HOSE.

Market liquidity remained at an average level. The total trading value on HOSE reached VND 20,048.04 billion with over 653.5 million shares traded, the lowest level since the beginning of April. This development shows that cautious sentiment still dominates the flow of money, as the market rose but lacked widespread momentum.

A notable negative point continues to come from foreign investors. Foreign investors maintained a net selling position with a value of VND 604.91 billion on the HOSE. Specifically, they bought VND 2,547.74 billion but sold VND 3,152.65 billion. The prolonged net selling pressure from foreign investors continues to create psychological pressure on the domestic market.

Amidst the strong rise in the VN-Index driven by several blue-chip stocks, but with unclear capital flow distribution and continued net selling by foreign investors, the market is raising questions about the sustainability of the upward trend. Analysts suggest that investors need to closely monitor capital flow developments and carefully consider the fundamental factors of each stock instead of relying solely on the fluctuations of the overall index.

Source: https://vtv.vn/vn-index-vuot-1837-diem-100260420204306362.htm