VN-Index highest in 25-year history of Vietnamese stock market

VN-Index increased more than 12 points after FTSE Russell upgraded the market, closing at nearly 1,698 points, marking the highest closing level in the 25-year history of Vietnamese stocks.

VN-Index increased more than 12 points after FTSE Russell upgraded the market.

After FTSE Russell announced the upgrade of Vietnam's stock market, investors entered today's session with excitement. This was reflected in strong demand at the opening, helping the VN-Index increase by 15 points and reach the 1,700 point mark.

However, profit-taking pressure appeared not long after that, causing the index representing the Ho Chi Minh City Stock Exchange to narrow its increase range. The index moved to a state of tug-of-war around the reference and at times decreased slightly.

Mr. Vu Minh Duc, Deputy Director of Research and Analysis Department, Vietcap Securities Company, commented that the market did not explode this morning because some investors took profits based on news and foreign investors continued to net sell.

This development only ended in the last 30 minutes of the afternoon session. Cash flow into large-cap stocks helped the VN-Index rebound strongly, closing at 1,697.83 points. This is the highest closing level in the 25-year history of the stock market, surpassing the 1,696.29 point mark set a month ago. If calculated by the highest price of the session, the index is now 20 points away from the old peak.

Ho Chi Minh City Stock Exchange today had more than 180 stocks increasing and 120 stocks decreasing. After the mid-session correction, many pillar stocks regained their excitement and closed with an accumulation of over 1% compared to the reference.

Specifically, CTG and STB increased by 2.5% and 2.4% respectively, leading the upward momentum of the banking group. In the securities group, SSI increased by 1% to 41,200 VND with a sudden liquidity of more than 2,220 billion VND. The steel group witnessed the recovery of HPG when closing the session at 29,200 VND, 0.7% higher than the reference.

The Vingroup group saw a strong divergence as VHM and VRE soared over 3.7%, contributing a total of 5 points to the VN-Index. On the contrary, VIC fell 1.1% to VND178,100, causing the index to lose nearly 2 points.

Market liquidity increased by about VND7,000 billion compared to yesterday's session, reaching more than VND32,800 billion. Large-cap stocks contributed more than VND18,200 billion of this. Ho Chi Minh City Stock Exchange had 5 codes with liquidity of thousands of billions, respectively SSI, HPG,SHB , VIX and MWG.

The most positive signal in today's session was that foreign investors broke the 15-session net selling streak. This group disbursed VND4,413 billion, while selling VND4,200 billion. Cash flow focused on a number of stocks such as HPG, HDB and GEX.

The upgrade helps the stock market attract large-scale international capital flows.

PV (synthesis)

Source: https://baohaiphong.vn/vn-index-cao-nhat-trong-lich-su-25-nam-cua-chung-khoan-viet-nam-522994.html