Stocks maintain upward momentum, VN-Index approaches 1,700 point mark

The stock market on the morning of October 23 continued to maintain its upward momentum despite many "shakes", with the VN-Index gradually recovering to near the 1,700 point mark.

Investors monitor stock market developments at the HOSE floor. Photo: Hua Chung/VNA

At the end of the morning session, VN-Index increased by 11.99 points to 1,690.49 points. Trading volume reached more than 346.8 million shares, equivalent to more than 11,181 billion VND. The entire floor had 176 stocks increasing in price, 109 stocks decreasing in price and 62 stocks remaining unchanged.

On the HNX floor, the HNX-Index decreased slightly by 0.02 points to 268.67 points, with a trading volume of more than 32.9 million shares, equivalent to more than VND802.3 billion. The entire floor had 64 stocks increasing, 53 stocks decreasing and 59 stocks remaining unchanged.

Meanwhile, UPCOM-Index increased by 1.25 points to 111.07 points. Trading volume was nearly 16 million shares, equivalent to more than VND256.1 billion, with 128 codes increasing, 50 codes decreasing and 73 codes remaining unchanged.

The VN30 group had 19 stocks increasing, 6 stocks decreasing and 5 stocks remaining unchanged. Large-cap stocks such as VIC, VHM, VJC, VCB increased in price, contributing to the overall market growth.

Notably, the oil and gas group was flooded with green with a series of increasing codes such as PVC, PVB, POS, TOS, PVS, PVD, BSR , PLX, OIL. Along with that, the banking group also performed positively when most codes maintained their upward momentum. The remaining industry groups were divided, with green and red intertwined.

This morning’s developments show that investor sentiment remains positive, despite short-term fluctuations. Demand concentrated in large-cap stocks and oil and gas is helping the market maintain its upward momentum. If the recovery momentum is maintained in the afternoon session, the VN-Index is likely to move closer to the psychological mark of 1,700 points, confirming the short-term recovery trend of the market.

Source: https://baotintuc.vn/thi-truong-tien-te/chung-khoan-giu-da-tang-vnindex-tien-gan-moc-1700-diem-20251023121640448.htm