The VN-Index continued its upward trajectory, but a return to differentiation was evident. In the VN30 basket, declining stocks slightly outnumbered gainers, with 16 out of 30 codes. VCB emerged as a bright spot, contributing almost single-handedly to the VN-Index’s point gain of nearly 9 points.
This banking stock soared in both price and trading volume, with over 33.1 million shares changing hands. VCB’s market capitalization maintained its leading position on the exchange, surpassing 577 trillion VND.
VCB hits a new peak.
Regarding the banking group, Decree 232 amending and supplementing a number of articles of Decree 24/2012/ND-CP on gold business management, recently issued by the Government, stipulates that to be considered for a gold bar production license by the State Bank, a bank must have a charter capital of VND 50,000 billion or more.
Thus, the state-owned banks (Big4) Vietcombank, BIDV, VietinBank, and Agribank all meet the conditions. Among private banks, VPBank, Techcombank, and MB also qualify. Along with VCB, Big4 representative BID also saw price increases, joining the market leaders.
Stocks that positively influenced the index included FPT, SSI, VIX, and MWG, among others. These stocks spanned diverse industries, rather than concentrating in a few key sectors as seen in the previous session. Liquidity continued to spread across the market, with SSI leading in terms of matching value, exceeding 2,423 billion VND. HPG, VIX, VCB, and FPT also recorded transactions above 2,000 billion VND, with all but HPG posting price gains.
At the close, the VN-Index rose 5.15 points (0.31%) to 1,672.78. The HNX-Index gained 0.59 points (0.21%) to close at 276.38, while the UPCoM-Index climbed 1.1 points (1.01%) to 109.94. Liquidity increased, with the trading value on HoSE surpassing 47,000 billion VND.
Foreign trading was a downside, as they net sold strongly, offloading nearly VND 4,200 billion, focusing on HPG (VND 958 billion), VPB (VND 535 billion), and CTG and VCB, both around VND 400 billion.
The Great Sell-Off: Unraveling the Billion-Dollar Mystery on HOSE’s Trading Floor
The HoSE-listed stocks witnessed another selling spree by proprietary traders, with a net sell value of VND1,186 billion.
Market Beat: Green Returns in Afternoon Trade, VN-Index Climbs to 1,680 Points.
The market staged a remarkable comeback in the afternoon session, reversing the negative trend witnessed in the morning. The afternoon session saw a surge of buying interest, pushing the market into positive territory and closing the day in the green.
Reviewing the VN-Index 2025 Forecast: VCBS Stands Out With Its Realistic Scenario
VCBS, or Vietnam Joint Stock Commercial Bank for Foreign Trade Securities Corporation, stands out as the sole entity, since late 2024, to forecast the VN-Index reaching 1,555 points in a base scenario and 1,663 points in an optimistic one. This prediction has proven remarkably accurate, closely mirroring the index’s actual performance.
The Stock Market Plunges and Then Surges: Investors Eagerly Seek to Buy Stocks
Many investors were caught off-guard by the sudden surge of the VN-Index, rising over 53 points after two consecutive losing sessions.
Where Can the VN-Index Go?
Short-term volatility is inevitable, but many analysts believe that the stock market is on a significant upward trend, with the potential to push the VN-Index to unprecedented levels.
