VN-Index maintains green color, expecting FTSE Russell's decision

On the morning of October 1, the domestic stock market traded positively with the lead of banking and securities stocks, helping the VN-Index maintain its upward momentum as investors awaited information from market rating organization FTSE Russell.

At the end of the morning session, VN-Index increased by 4.53 points to 1,666.23 points with liquidity reaching more than 372.6 million shares, equivalent to more than 11,274.2 billion VND. The entire floor had 165 stocks increasing, 131 stocks decreasing and 64 stocks remaining unchanged.

On the HNX floor, the HNX-Index increased by 0.08 points to 273.24 points with a trading volume of more than 34.4 million shares, equivalent to 771.3 billion VND. The entire floor recorded 60 stocks increasing, 61 stocks decreasing and 60 stocks remaining unchanged.

UPCOM-Index also increased by 0.63 points to 110.09 points, liquidity reached more than 10 million shares, equivalent to 128.3 billion VND, with 117 codes increasing, 63 codes decreasing and 75 codes remaining unchanged. The main driving force came from the VN30 basket when there were 24 codes increasing, only 4 codes decreasing and 2 codes remaining unchanged.

Notable stocks were VRE up 3.89%, TPB up 2.65%, STB up 2.64%, LPB up 2.42%, TCB up 1.45%. The banking group spread green, with only BAB down. Along with that, securities stocks increased simultaneously, contributing to keeping the market steady in green.

The market is generally still in a state of accumulation, waiting for new information. The highlight is that on October 8, FTSE Russell will announce the results of its semi-annual stock market classification assessment.

Expectations of an upgrade are creating both hope and anxiety among investors as the VN-Index moved sideways in September and liquidity decreased from VND55,600 billion (August) to VND39,700 billion (September).

According to Vietcap Securities Joint Stock Company, the possibility of FTSE Russell announcing positive results is high. If upgraded to Secondary Emerging Market, this will be an important factor supporting the market, helping to attract an estimated net foreign investment flow of 6-8 billion USD, and can even reach 10 billion USD in a positive scenario.

Thus, the current developments show that the market is still in the accumulation phase and investors are focusing on the upcoming market classification event. FTSE Russell's decision on October 8 is considered an important factor, which can open up new space for Vietnamese stocks./.

Source: VNA

Source: https://htv.com.vn/vn-index-duy-tri-sac-xanh-ky-vong-quyet-dinh-cua-ftse-russell-222251001135342524.htm