Stocks from the Pillar sector propel VN-Index to a new peak level
The Hanoi stock market hit a record high on Thursday, with the Hanoi National Stock Exchange (HNX) Index ending at 283.99 points, up 1.29 points, or 0.46%. This upturn was largely driven by a resurgence in blue-chip stocks, particularly in the banking sector.
One of the standout performers was Hoang Huy Investment Financial Services (TCH), which saw a 6.62% increase. Similarly, Duc Giang Chemicals Group (DGC) performed well, reversing earlier declines, and Mobile World Investment Corporation (MWG) also performed well, increasing further.
The surge was not limited to these companies. Hoa Sen Group (HSG) soared by 7%, while Vietcombank (VCB) led the uptrend with a rise of 2.84%. Other standout performers included VPBank (VPB), FPT Corporation (FPT) and LPBank (LPB).
The VN-Index on the Ho Chi Minh Stock Exchange (HoSE) rose nearly 15 points, or 0.89%, to 1,696.29 points. The VN30-Index, tracking the 30 biggest stocks on HoSE, finished higher at 1,883.59 points.
Market breadth was positive, with 195 stocks increasing and 130 declining. Mid-cap stocks attracted significant buying interest, with these firms reporting liquidity of at least VNĐ400 billion. Hoa Phat Group (HPG) was a notable example, attracting substantial capital inflows. The strongest support for Hoa Phat Group's stock came from major institutional investors.
HPG's trading value exceeded VNĐ3 trillion in the afternoon session, representing 25.5% of the total trading value within the VN30-Index for that session. Maritime Commercial Joint Stock Bank (MSB) rose by 3.93%, and Nam Kim Group (NKG) hit ceiling prices.
Foreign investors continued to be net sellers, but the selling scale shrank. SSI Securities Company (SSI) also performed well. The liquidity on the southern market also gained slightly from the previous session to VND39.8 trillion (US$1.5 billion).
The surge in blue-chip stocks has contributed to the overall positive sentiment in the market, with investors showing renewed confidence in the Vietnamese economy. The record high on Thursday underscores the growing interest in the Vietnamese stock market, making it an attractive destination for both local and foreign investors.
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