Following a surge at the start of the Binh Ngo New Year, the domestic stock market experienced strong fluctuations. The benchmark index for the Ho Chi Minh City Stock Exchange (TP HCM Stock Exchange) repeatedly reversed, shifting from gains to losses and vice versa. The index gained less than one point before the closing price determination, but then surged seven points in 15 minutes to close near 1,868 points.
The VN-Index accumulated a total of 113 points over five consecutive gaining sessions. According to analysts from Tien Phong Securities Company, current developments reflect positive investor sentiment driven by favorable tariff information and expectations of an MSCI upgrade. This upward momentum is forecast to continue in upcoming sessions, potentially testing the 1,920-point resistance level before advancing to 1,980 points.
The market remained positive, though indicators were not as strong as in the previous session. On the TP HCM Stock Exchange, 187 stocks closed above their reference price, while 142 declined. The large-cap basket was relatively balanced, with 16 gainers and 14 losers.
The oil and gas sector remained the largest contributor to the current rally. Industry leaders such as GAS, PLX, and PVD all closed with gains, while BSR hit its ceiling price of 28,000 dong, ending the session with no sellers.
The steel sector also saw positive movement. HPG rose nearly 3% to 28,300 dong, marking its highest closing price in nearly half a year. Mid and small-cap stocks like HSG, NKG, and TVN also advanced by 2-5%.
The banking sector faced significant selling pressure, with declining stocks outnumbering gainers. VCB led the price correction, dropping 2.1% to 65,000 dong. SHB, KLB, CTG, BID, and VIB followed, with decreases ranging from 0.5-1.5%. Conversely, EIB reversed its trend, gaining 3.4% and becoming a key support for the sector.
The real estate sector also showed mixed performance. HDG, KDH, NBB, VIC, and VHM posted gains, while DIG, VRE, VPL, PDR, and QCG all closed in the red. Declines were commonly around 1%.
Today, nearly 1 billion shares were traded on the TP HCM Stock Exchange, valued at over 32,000 billion dong. Market liquidity increased by nearly 10,000 billion dong compared to early this week's session.
HPG topped the liquidity ranking with nearly 2,800 billion dong in traded value. Foreign investors net bought over 36 million shares of HPG today. FPT, SSI, and VIX followed, each recording trading values exceeding 1,000 billion dong.
According to analysts from Vietcombank Securities Company, capital flow is highly active, continuously seeking investment opportunities and rotating among sectors. The team advises investors to focus on banking, securities, oil and gas, and shipping stocks for partial disbursement when prices retreat to support levels.
Phuong Dong
