The market observed a vibrant trading week from 16-20/9, with a strong recovery in the main index. Proactive buying demand and focus on large-cap stocks, along with improved liquidity, propelled the VN-Index to a weekly gain of 20.33 points (+1.62%) to 1,272.04. The highlight was the final trading session, marked by significant ETF portfolio restructuring by major funds like Fubon FTSE, FTSE Vietnam, and VNM ETF, resulting in substantial volume.
In a week of fluctuations, stock prices across the exchanges displayed a relatively mixed performance, with some surging while others faced intense selling pressure and corrections.
On the HOSE, AGM shares of An Giang Import-Export Joint Stock Company continued to top the list of strongest gainers. For the week, the share price soared 21% to VND4,500 per share. This was the second consecutive week that AGM recorded the highest increase on the HOSE.
Following closely, ABR shares of Brand Investment Joint Stock Company skyrocketed by nearly 13% to VND14,000 per share, with 4 out of 5 sessions witnessing robust gains. On September 30, ABR will finalize the list of shareholders to approve the plan for a 20% cash dividend payment for 2024 (VND2,000 per share).
In contrast, ITA shares experienced heavy selling pressure, resulting in a decline of over 15% during the week, settling at VND2,770 per share. HoSE recently decided to shift ITA shares of Tan Tao Investment and Industry Corporation (stock code: ITA) from restricted trading to trading suspension, effective September 26.
SMC, TDW, CVT, and TPC also faced profit-taking pressures, witnessing declines of over 7% this week.
On the HNX, the upward momentum was even more robust. Notably, MCO shares of BDC Vietnam Investment and Construction Joint Stock Company surged to the ceiling price for all five sessions, climbing to VND9,400 per share, a nearly 57% increase from the previous week. Similarly, HMR shares of Hoang Mai Rock Joint Stock Company recorded ceiling prices in 4 out of 5 sessions, with the remaining session also witnessing a gain of over 6%. Consequently, HMR’s share price surged impressively by 53% to VND13,200 per share.
On the downside, GKM and VCM shares encountered intense profit-taking pressures, resulting in declines of over 21% during the week.
On the UPCOM, TPS shares topped the list of best performers, recording two ceiling-hitting sessions at the week’s end after a long period of inactivity. Consequently, the share price skyrocketed to VND29,900 per share, reflecting a nearly 61% increase from the previous week.
Conversely, several UPCOM-listed stocks witnessed declines ranging from 16% to 27% during the week, including NAS, STW, and L35.
