Stock prices led the way, with the VN-Index surging 2%, its strongest gain in nearly four months.

The VN-Index rose by over 2%, the first time since August 16, 2024 (2.34%). A number of stock sectors experienced strong breakouts.

Stock prices led the way, with the VN-Index surging 2%, its strongest gain in nearly four months.

The VN-Index rose by over 2%, the first time since August 16, 2024 (2.34%). A number of stock sectors experienced strong breakouts.

After a slight decline with improved liquidity, Vietnamese stocks experienced a strong rebound. Despite the initial pessimism at the start of trading on December 5th, investor sentiment wasn't overly pessimistic, and the indices recovered to positive territory. Large-cap stocks saw considerable positive performance, but the gains for most were modest. While there were occasional fluctuations, selling pressure wasn't excessive and only affected a few small and medium-sized stocks. Some steel stocks like NKG, HSG, and VND were heavily sold. The VN-Index briefly fell below the reference level, but the decline was only about 2 points. The index quickly recovered to positive territory afterward.

The market's focus shifted to the afternoon session as bargain-hunting demand surged, leading to a strong recovery across various stock sectors. Securities stocks, in particular, led the way, spreading capital across many sectors. Consequently, the indices also broke through this trend.

At the close of trading, the VN-Index rose 27.12 points (2.19%) to 1,267.53 points. The HNX-Index increased 4.98 points (2.22%) to 229.6 points. The UPCoM-Index rose 0.51 points (0.55%) to 92.95 points. The last time the VN-Index rose by more than 2% was on August 16, 2024 (2.34%).

The entire market saw a total of 557 stocks rise, while only 181 fell and 825 remained unchanged or did not trade. Notably, 34 stocks hit the ceiling price, while only 13 hit the floor price. The securities sector continued to lead the overall market, being the strongest and most synchronized group to surge today. SSI, HCM, VCI, FTS, BSI, VIX… all closed at the ceiling price. Other securities stocks such as AGR, SBS, VND, IVS… also experienced very strong price increases. Although VND did not close at the ceiling price, its price fluctuation was very large. At one point during the trading session, VND fell by nearly 5.7%, but ended the session up more than 4.5%, corresponding to a price fluctuation of 10.8%.

A series of key stocks rose, pushing the VN-Index up by more than 2%.

Cash flow spread to many other stock sectors. In the VN30 group, 29 stocks rose today, while only one stock, BVH, fell by 0.19%. Besides SSI, MWG, after yesterday's heavy selling, also rebounded by 5%, STB increased by 4.78%, HPG by 4.3%, BCM by 4.29%, andFPT continued its 3.5% increase. HPG and HPG were the stocks with the most positive impact on the VN-Index, each contributing 1.77 points. CTG contributed 1.42 points, and VHM also contributed 1.29 points.

Stock groups such as retail, textiles, seafood, and public investment also saw sharp price increases.

Conversely, HVN bucked the positive trend of the overall market, falling 3.15% to 26,150 VND/share. HVN was also the stock putting the most pressure on the VN-Index, deducting 0.46 points. The Viettel group of stocks surprised with heavy selling pressure, completely contrary to what was happening in the overall market. VTP fell to its floor price of 140,400 VND/share, deducting 0.31 points from the VN-Index. CTR also deducted 0.09 points with a 2.61% decrease. CTG and VTK fell by 2.61% and 2% respectively.

Foreign investors resumed net buying of nearly 700 billion VND.

Market liquidity surged compared to previous sessions and far exceeded the average. The total trading volume on HoSE reached 908.4 million shares, equivalent to a trading value of VND 21,041 billion (a 51% increase compared to the previous session), of which block trades contributed VND 1,847 billion. Trading values ​​on HNX and UPCoM also increased, reaching VND 1,554 billion and VND 632.9 billion respectively.

HPG was the most actively traded stock today with a trading value of over VND 1,220.9 billion. SSI and FPT traded VND 889 billion and VND 707 billion respectively. Foreign investors resumed net buying with VND 669 billion on the HoSE. The strongest net buying by foreign investors was in HPG with VND 127 billion. MSN and FPT were also net bought with VND 79 billion and VND 74 billion respectively. Meanwhile, VCB experienced the strongest net selling with VND 92 billion. HSG followed, but the net selling value was only VND 38 billion.

Source: https://baodautu.vn/co-phieu-chung-khoan-dan-dat-vn-index-vot-tang-2-manh-nhat-gan-4-thang-d231765.html