The reason why VN-Index increased the most since the beginning of the year

(NLDO)- Stocks increased sharply when foreign investors had their first net buying session after a series of strong net selling before that.

Closing today's trading session (February 19), VN-Index increased sharply by 10.42 points, closing at 1,288.56 points.

The sudden increase in buying power in the afternoon session of February 19 helped VN-Index make a strong breakthrough. The index closed up 10.42 points to the highest level since the beginning of the year at 1,288 points. Liquidity also improved with the transaction value on HoSE reaching nearly VND17,400 billion.

In this session, agricultural, consumer and real estate stocks increased sharply. Of which, IDC, KBC, NLG, DXG, SCR… all increased sharply by over 3%-4%.

Stocks rise, investors excited

According to experts from VPS Securities Joint Stock Company, the stock market at this stage is supported by macro factors, but the most important is the cash flow from outside. The evidence is that the market rebounded strongly when foreign investors had their first net buying session of nearly 354 billion VND, after a long series of net selling.

Foreign investors also closed derivative contracts in "long" status for February and switched to "long" for March. This is considered a positive signal, helping to improve investor sentiment and create consensus for VN-Index to move towards the 1,300 point zone.

According to experts, 2025 will be an important stepping stone for a breakthrough when the Government sets a GDP growth target of over 8%, and can even reach 10% if all favorable factors converge. In the period of 2026-2030, Vietnam aims for double-digit growth, opening a new development cycle.

To achieve this, fiscal and monetary policies will continue to be loosened. Credit may be expanded from 16% to 18%-20% depending on GDP growth rate, while moving towards eliminating credit room to make it easier for businesses to access capital. Public investment is expected to reach a record of more than 36 billion USD, focusing on infrastructure, logistics and renewable energy.

In the current context, stocks are still the most attractive investment channel due to relatively low stock valuations. Meanwhile, other investment channels such as gold, real estate, and world stocks have all increased sharply in 2024.

Source: https://nld.com.vn/ly-do-vn-index-bat-tang-manh-nhat-tu-dau-nam-196250219153356384.htm