VN-Index surpasses 1,700 point mark, returns to 6-week peak

The trading session on December 2 recorded an unexpected development when the VN-Index reversed and increased sharply in the last minutes, closing the session above 1,717 points, up 15.39 points compared to the previous session, marking the 5th consecutive week the market has increased and returned to the highest level in more than 6 weeks.

Illustration photo: Tran Viet/VNA

The market opened on December 2 in green but was quickly pulled down below the reference. In the morning session, profit-taking pressure on pillar stocks, especially Vingroup 's VIC, caused the index to fall below the 1,700-point mark. However, from the early afternoon, buying pressure gradually appeared, VN-Index was pulled up to the reference and at times approached 1,720 points, before struggling in the ATC session (occurring in the last 15 minutes of the trading session).

VIC continued to be the market leader when it recovered strongly in the afternoon session, closing at 275,000 VND, up 1.9% and reaching the highest liquidity on the floor with nearly 1,105 billion VND. The breakthrough of other large-cap stocks also contributed to raising the VN-Index.

The industrial group was the leader today with strong increases in many stocks during the session. VJC, GEE, PC1, TLG recorded increases from 6% to the ceiling.

In the consumer group, SAB jumped to the ceiling price. Some other codes also maintained their growth momentum, although not too strong. VNM, MCH, HAG, BAF… all increased slightly.

Foreign investors returned to net buying significantly with a total value of more than 650 billion VND across the entire market, notably VJC (224 billion), VIC (149 billion), TCB (131 billion), MBB (124 billion) and VNM (113 billion). On HNX, foreign investors net sold about 13 billion VND, while UPCOM net bought nearly 28 billion VND.

Market liquidity improved with total trading value on HOSE reaching nearly VND22,394 billion, HNX over VND1,390 billion and UPCOM about VND536 billion. Today's session recorded 144 stocks increasing in price, 149 stocks decreasing and 66 stocks moving sideways on HOSE, reflecting the "green skin, red heart" situation but demand has gradually dominated.

The successful reversal of the VN-Index shows that investor sentiment has become more stable, strong demand for pillar stocks, especially VIC, is supporting the market to maintain its upward trend. If cash flow continues to focus on bluechips and foreign investors maintain net buying, the market is likely to maintain its upward momentum in the coming sessions, heading towards the resistance level of 1,720 - 1,730 points.

Source: https://baotintuc.vn/thi-truong-tien-te/vnindex-vuot-xa-moc-1700-diem-tro-lai-dinh-6-tuan-20251202170939331.htm