The benchmark index for the Ho Chi Minh City Stock Exchange rose more than 11 points today to 1,608 points. This is the highest level both at closing and intraday. The index has accumulated 113 points, equivalent to nearly 8%, during the rally that has lasted since the beginning of the month.
Strong cash flow continues to be the driving force behind the VN-Index's conquest of new heights. The Ho Chi Minh City Stock Exchange saw 1.64 billion shares successfully traded today, corresponding to a trading value of over 45,320 billion VND. Large-cap stocks contributed nearly half of this figure, with nearly 20,600 billion VND.
Nine stocks achieved trillion-VND liquidity, mainly from the large-cap group. HPG led in matched order value with over 2,400 billion VND traded, followed by MBB, SSI, and CII.
The VN-Index closed at a high price, but the number of advancing and declining stocks was not significantly different. The market had 176 stocks closing above the reference price, of which 13 hit the ceiling. Conversely, 156 stocks declined, and none hit the floor.
In the list of the top 10 stocks that positively impacted the VN-Index, the banking sector had six representatives. BID led the way, accumulating 3.2% compared to the reference price, reaching 41,500 VND. LPB, VCB, MBB, and HDB took the following positions, with gains ranging from 1% to 6%.
Some bank stocks showed signs of strong correction after a rapid increase. VIB lost 2% today, while TPB, OCB, EIB, and SHB fell 1% to 1.8% compared to the reference price.
The securities sector also experienced strong divergence. Most leading stocks such as SSI, VND, HCM, and VCI were in the red, while VIX and BSI agreed with the market's excitement, although the price fluctuation range was not large.
The steel sector was the most consistent. All component stocks closed in the green, with HPG leading the way with a 1.2% increase to 28,500 VND.
Despite the market's continuous rise, foreign investors continued to withdraw capital. Foreign investors sold more than 4,000 billion VND today, while only disbursing 3,300 billion VND. This group focused on selling large-cap stocks like HPG, SHB, SSI, and FPT.
According to Tien Phong Securities Company (TPS), when surpassing 1,610 points, the market has the potential to enter a "climax phase." Based on technical indicators, some other analyst groups also believe that the VN-Index could reach 1,640-1,650 points in the coming sessions. However, intraday fluctuations and corrections, like today's, may appear frequently. Therefore, many securities companies recommend that investors take partial profits during market rallies to preserve their gains and wait for new disbursements when there are strong fluctuations.
Phuong Dong
