The stock market kicked off the new week on a positive note, with oil and gas stocks taking the lead. Many stocks in this sector surged, with GAS, PLX, and PVD hitting the daily limit-up.
Specifically, PLX, a leading gasoline distribution company, rose 6.9% to VND 40,300 per share. PVD also hit the daily limit-up, climbing 6.85% to VND 21,850 per share, while leading the group in liquidity with over 20 million units traded.
The oil and gas industry index led the gains in the market.
Other stocks in the sector, including PVS, BSR, PET, and POW, also saw price increases. After just two sessions, many oil and gas stocks have risen by 10-15%, approaching their 2-3 month highs.
The rally in oil and gas stocks comes amid a strong rebound in global oil prices. Last week, Brent crude oil prices rose more than 9%, surpassing $75 per barrel for the first time in two months. This was also the strongest weekly gain since February 2022, when geopolitical tensions in the Middle East escalated following military actions between Israel and Iran.
Large-cap sectors with significant influence, such as banking, real estate, and securities, traded positively. Bank stocks supported the market, with TCB, VCB, and VPB contributing a total of 2.8 points to the VN-Index. Most other stocks in the sector ended the session in the green, except for SSB, PGB, and BAB, which closed unchanged, and no stocks declined.
In the Vingroup bloc, VPL attracted attention with a strong breakout, surging to the daily limit-up at one point before easing slightly to close with a 6.58% gain.
More than 20 securities stocks also rose in unison. VIX, VND, SSI, SHS, ORS, HCM, and VCI posted strong gains.
At the close, the VN-Index was up 22.6 points (1.72%) to 1,338. The HNX-Index gained 3.3 points (1.47%) to 228.12, and the UPCoM-Index rose 0.56 points (0.57%) to 98.1.
Liquidity declined, with the trading value on HoSE exceeding VND 20,700 billion. Foreign investors net sold VND 964 billion, focusing on STB, VCI, and PVD…
The Foreign Capital Stampede: A Near 1,000 Billion Buying Frenzy
The local and foreign currencies raced to boost liquidity on three exchanges, reaching nearly 23,000 billion VND, with net foreign buyers at 964.5 billion VND. Specifically, in terms of matched orders, they net bought 942.9 billion VND.
The Stealthy Sell-Off: In-House Brokers Dump $30 Million in Stocks in a Single Day
The proprietary trading group at FPT witnessed a significant sell-off, with a notable net sell value of VND 104 billion.
The Great Real Estate and Stock Market Cashout
Liquidity took a significant hit during the trading week of June 9–13, with real estate and stocks being the two notable sectors experiencing capital outflows.
Market Beat June 16: VN-Index Surges Over 22 Points, Energy Sector Shines Bright
The market closed with strong gains, as the VN-Index rose by 22.62 points (+1.72%), finishing at 1,338.11. The HNX-Index also climbed, gaining 3.3 points (+1.47%) to close at 228.12. It was a sea of green across the market, with 515 tickers in the gainers’ column compared to just 211 in the losers’. The VN30 basket mirrored this sentiment, with 24 gainers, 4 losers, and 2 unchanged stocks.
Unexpected Euphoria: Energy Stocks Surge, VN-Index Flirts with 1340 Peak
Investors witnessed a surprising surge of enthusiasm during today’s afternoon session, with proactive and aggressive buying that propelled the VN-Index to its strongest gain in eight weeks. Shunning the previous two weeks of cautious adjustments, the index dramatically rebounded to near its previous peak, finishing at an impressive 1338.11 points.
