Vingroup-related stocks surged, helping the VN-Index gain nearly 20 points in the first trading session of the week, reaching 1,837 points, its highest level since late February.
While the stock market dipped nearly three points, mainly due to benchmark stocks, The Gioi Di Dong stock surged, hitting its "hard" ceiling early in the session.
Strong capital inflows into large-cap stocks, particularly those of the Vingroup group, propelled the VN-Index up by 28 points, reclaiming the 1,700-point mark.
Two-thirds of stocks advanced, driven by significant contributions from blue-chip shares, helping the market regain positive momentum as the VN-Index climbed over 28 points.
The Finnish foreign fund states that a stock market decline is unsettling, but it opens up opportunities to take profits and replace them with undervalued stocks.
As the stock market continued to adjust by more than 13 points, Novaland stock surged to its maximum limit, becoming one of the top codes supporting the overall index.
While the stock market dropped nearly 19 points, Vinaconex's VCG shares bucked the trend, hitting their daily ceiling limit for the third consecutive session.
The VN-Index rose nearly 52 points, its strongest performance in six months, driven by widespread demand for low-priced assets, particularly among large-cap stocks.
Widespread investor sell-off caused nearly 240 stocks to decline, pulling the VN-Index down by over 40 points, marking its sharpest correction in three months.
Numerous oil and gas stocks, including: GAS, PLX, OIL, BSR, PVD, experienced sharp declines, some even hitting their floor prices, due to profit-taking pressure from investors after a period of rapid growth.
