US election results, Vietnamese stocks 'green' with more than 500 stocks increasing in price

After many sessions of uncertainty due to the impact of the US election, the Vietnamese stock market today regained its positivity with more than 500 stocks increasing in price. The VN-Index increased by nearly 16 points.

The stock market has just experienced a very positive trading session - Photo: QUANG DINH

The Vietnamese stock market opened the trading session on November 6th with a positive performance. A series of industrial real estate and export stocks "made waves" as the US presidential election was about to enter the "final" period.

At 1:50 p.m. on November 6 (Vietnam time), Fox News cited their data showing that Mr. Trump had won more than the minimum number of electoral votes to become the 47th president of the United States.

At the same time, Vietnamese stocks seemed to completely "remove" the nervousness before the US election, VN-Index jumped nearly 16 points with more than 500 stocks in green.

Market breadth was clearly positive as 18 out of 22 industry groups increased today. Notably, all three industry groups that account for a large proportion of the VN-Index structure were in green.

In particular, the real estate group, with the focus on industrial park enterprises, contributed to the index with an increase of 1.35%, the credit institution group increased by nearly 1.2%, and the financial services and insurance groups increased by 1.49% and 0.77%, respectively...

Despite a positive increase, liquidity is still not the highlight when the total transaction value of the whole market is less than 16,000 billion VND.

In addition, foreign investors still net sold more than 400 billion VND with strong "dumping" of VHM shares of Vinhomes, MSN of Masan and SSI...

According to Vietcap Securities analysts, the 9-month 2024 business results reporting season has ended.

Market sentiment in November was more cautious as we await developments in the US election and the Fed's move at its November meeting.

However, Vietcap experts still expect domestic macroeconomic results to continue to be positive in November after Vietnam's PMI index recovered, increasing to 51.2 in October from 47.3 in September due to a return to growth in production activities and new orders.

How did world stocks react?

Before the VN-Index surged, global stocks also reacted positively to Mr. Trump's potential victory.

Last night, Vietnam time, stock indexes on Wall Street all increased by more than 1%, European stocks were full of excitement with green.

In today's session, the reactions of Asian stock markets were somewhat mixed, although they all basically increased.

Of which, Japan's NIKKEI 225 index increased by 2.61%, Taiwan's TWSE (+0.48%), Singapore's STI (+0.4%), Thailand's SET (+0.17%), Malaysia's KLSE (+0.44%).

In contrast, China's SHMCP index fell 0.09%, and South Korea's KOSPI fell 0.52%.

Source: https://tuoitre.vn/bau-cu-my-nga-ngu-chung-khoan-viet-xanh-ri-voi-hon-500-co-phieu-tang-gia-20241106150729895.htm