The benchmark VN-Index, representing the Ho Chi Minh City Stock Exchange, opened today with a nearly 10-point gain, reaching 1,617 points. Mid-session profit-taking erased those gains and sent the index down 23 points, breaching several key psychological support levels. However, strong late-session buying reversed the decline, pushing the index up over 3 points to close at 1,611.
This marks the market's longest winning streak of the year, with eight consecutive gains adding 116 points to the VN-Index. Analysts suggest this positive momentum could continue due to two key factors. First, the index successfully tested the 1,600-point level and broke through resistance at 1,610 in a single session. Second, strong buying pressure has emerged each time the market dips, indicating robust investor confidence.
Over 1.95 billion shares changed hands on the Ho Chi Minh City Stock Exchange, with a total trading value of nearly 56,000 billion VND. This represents an increase of over 10,000 billion VND compared to the previous session and marks the third-highest trading value in the 25-year history of the Vietnamese stock market.
Twelve stocks achieved liquidity of over one trillion VND, spanning sectors such as banking, securities, technology, and real estate, demonstrating broad market participation. Six of these stocks saw trading volumes exceed two trillion VND: SSI (2,464), FPT (2,307), HPG (2,244), SHB (2,215), MSN (2,050), and MBB (2,012).
Bank stocks contributed significantly to today’s gains. Five of the top 10 stocks positively impacting the VN-Index were banks: MBB, CTG, LPB, SHB, and ACB. Conversely, some blue-chip stocks like VPB, VCB, TCB, and BID experienced slight corrections, limiting the index’s overall increase.
The securities sector saw a surge in activity, with most stocks reversing earlier losses to close higher. The exception was VND, which fell 1%. MBS and APS were the most enthusiastic performers, both hitting the ceiling price and closing with no sellers.
The real estate sector also saw explosive trading, with four stocks hitting their ceiling prices: HDG, NLG, CII, and NBB. These stocks maintained their gains despite the market's sharp intraday correction. Mid- and small-cap stocks such as KDH, DIG, SCR, HQC, and DXS all rose by over 2%.
Vingroup-related stocks showed mixed performance. VIC reversed its earlier losses to edge up 0.4%, while VHM and VRE remained unchanged. VPL fell 0.8%.
Despite the market's continued upward trajectory, foreign investors continued their selling streak for the fifth consecutive session. Net selling reached approximately 1,500 billion VND, significantly exceeding yesterday's 700 billion VND.
FPT was the focal point of foreign selling, with over 10 million shares sold. Other large-cap stocks like SSI, HPG, and MWG experienced similar outflows.
Phuong Dong
