After a slight wobble following the opening bell, the stock market climbed steadily. During the morning session, the VN-Index briefly surpassed 1,528 points—a record closing price—driven by mid-cap stocks. However, selling pressure from the VN30 basket created resistance, quickly narrowing the gains. The market cooled as midday approached, but maintained positive territory.
In the afternoon, the HoSE index regained momentum. It briefly peaked above 1,534.5 points before undergoing a correction leading into the closing auction. In the final minutes, fueled by blue-chip stocks, the VN-Index closed above 1,531 points, up more than 10 points from the previous day.
This marks the highest-ever closing price for the stock market. The index remains just over 5 points away from its all-time intraday high of 1,536.45 points, recorded on 10/1/2022.
Market sentiment improved compared to the previous day, with 207 stocks advancing and 126 declining. The HoSE saw 17 stocks hit the ceiling price, including high-volume representatives like VND, GEX, VIX, VSC, VCG, and VJC.
Blue-chip stocks, including VHM, VPB, VJC, and SSI, were the largest contributors to the VN-Index's gains. Conversely, VIC experienced a 1.6% decline, causing some market volatility.
Securities stocks, a sector highly sensitive to market outlook, performed the best. In addition to VND and VIX hitting the ceiling price, SSI rose 6.3%, while both CTS and MBS gained 6.7%. VCI, SHS, and FTS also accumulated gains of over 3%.
Trading volume on the HoSE increased in tandem with the index, reaching over 37,400 billion VND, a slight improvement of about 580 billion VND compared to the previous session.
Another positive sign was the reduced net selling by foreign investors, totaling around 27 billion VND. Throughout the session, foreign investors were seen balancing the selling of HPG, FPT, MSN, and VHC with the purchase of SSI, VPB, VCG, and HDB.
The stock market enjoyed another positive week. Despite a decline in the first session, the VN-Index gained nearly 34 points, equivalent to almost 2.3%. Trading volume remained above 30,000 billion VND per session throughout the week. However, both foreign and proprietary trading showed a trend toward profit-taking.
Despite clear anxieties about "holding onto profits" this week, the market's upward momentum persists. Vietcombank Securities (VCBS) recommended at the end of the previous session that, given the current trend, investors should maintain their stock holdings. They also suggested that investors could capitalize on cash flow movements and gradually invest in stocks showing signs of recovery after a long accumulation period or those convincingly breaking through resistance levels.
Tat Dat
