Some analysts predicted the Ho Chi Minh City exchange's benchmark index might see a technical correction today after a week-long rally. However, the index's brief dip into negative territory was short-lived.
The VN-Index extended its gains in the afternoon, fueled by sustained capital flowing into banking stocks. The index closed at 1,731 points, increasing 15 points from its reference level. This marks the 6th consecutive session of gains, accumulating a total of 70 points.
Positive sentiment prevailed across the Ho Chi Minh City exchange, with 225 stocks advancing, double the number of those declining. The large-cap VN30 basket reflected this trend, seeing 19 gainers and fewer than half that number of decliners.
According to VNDirect Securities Company, banking stocks accounted for eight of the top 10 contributors to today's market surge. CTG led the charge, briefly reaching its ceiling price of 52,400 VND before closing with a 6% gain. BID, VCB, VPB, and MBB followed, posting increases ranging from 2% to 5%.
The securities sector also experienced a buoyant mood. VCI topped the list for price increases, closing at 34,650 VND, nearly 2% above its reference price. HCM, VND, ORS, and SSI followed, with gains ranging from 0,2% to 1,8%.
The real estate sector mirrored the broader market's positive trend. Most small-cap stocks, including LDG, NBB, QCG, and CII, reversed earlier declines to post gains of over 1,5%. Mid-cap shares like NLG, KDH, and NVL also saw increases exceeding 1%.
However, the index's advance was tempered by Vingroup-affiliated stocks. While VHM maintained its reference price, the other three shares closed in negative territory. VIC, in particular, experienced significant selling pressure, leading to a 2% price correction, settling at 269,400 VND.
Today, liquidity on the Ho Chi Minh City exchange surpassed 29,500 billion VND, an increase of nearly 6,000 billion VND from yesterday. This marks the highest trading volume recorded in the past month.
Investors largely focused their capital deployment on large-cap stocks, with the VN30 basket alone accounting for over 50% of market liquidity. Four stocks on the exchange recorded trading values in the trillions of VND, all from the large-cap group: SHB, MBB, MWG, and CTG.
A significant positive signal came from foreign investors, who disbursed nearly 6,600 billion VND while selling less than 3,000 billion VND. The bulk of this activity centered on Vinpearl (VPL) shares, which saw net purchases of over 33,5 million shares. Other stocks that attracted substantial foreign capital included MBB, VPB, SHB, and CTG.
Phuong Dong
