Caution prevailed after Monday's decline, causing the VN-Index to fluctuate around the reference point after opening. The index representing the Ho Chi Minh City Stock Exchange (HOSE) at one point dropped nearly 10 points, breaking through the critical support level of 1,480. However, strong demand for several blue-chip stocks prevented a deeper decline. From mid-morning, the index reversed course and maintained its upward trajectory until the end of the session.
The VN-Index closed near 1,510 points, up more than 24 points from the reference point, marking its best performance in a month.
The VN-Index surpassed 1,500 points last week but immediately corrected within the same session, failing to hold onto this milestone. Today's session officially brought the index back to this psychologically important level after more than three years. The last time the index closed above 1,500 points was on 7/4/2022.
The market was predominantly green, with 224 gaining stocks, including 11 hitting the ceiling. The large-cap basket performed similarly, with 26 stocks closing above the reference point. Vietjet Air's VJC finished the session with a purple color, indicating no sellers.
After yesterday's strong selling, investors returned to Vingroup stocks. VIC led the list of stocks with the most positive impact on the VN-Index, increasing nearly 5% to 117,500 VND. VHM and VRE also gained 3.8% and 3.4%, reaching 95,500 VND and 30,000 VND respectively.
By sector, banking contributed most to today's gains. EIB hit the ceiling at 27,150 VND, while large-cap stocks like HDB, BID, and VCB all rose over 1%. TCB was a rare exception, declining 0.3% to 35,350 VND.
Excitement was also seen in the securities sector. VIX reached its ceiling at 20,650 VND with over 5.2 million shares in buying demand. Other leading stocks in this sector, such as VND, HCM, VCI, and SSI, also rose over 2%.
In the real estate sector, besides VIC and VHM, most mid- and small-cap stocks saw enthusiastic trading. SCR, DXG, DXS, NVL, HDG, and PDR all gained over 2% compared to the reference point. Conversely, LDG continued to fall to the floor price with over 41 million shares in selling demand after its previous rapid increase.
Other sectors, such as aviation, steel, oil and gas, and fertilizers, also closed in the green. The gains of leading stocks ranged from 2% to 4%.
Market liquidity today reached 33,300 billion VND, down nearly 2,000 billion VND from the previous session. The top three stocks by trading value all belonged to the securities sector, including SSI (1,930 billion VND), VIX (1,254 billion VND), and VND (987 billion VND). The banking sector also attracted significant investor capital, mainly focused on TCB, VPB, SHB, and EIB.
Foreign investors net sold more than 1,865 billion VND today, marking their strongest selling session in three months. VJC was the focus of foreign selling with a net volume of nearly 20 million shares, followed by SSI and SHB.
Phuong Dong
