The market breadth heavily favored sellers, with over 230 stocks declining. The index was primarily supported by large-cap stocks rather than a widespread flow of capital.
Today’s spotlight was on VIC, which single-handedly contributed nearly 9 points to the VN-Index. Vingroup’s shares surged over 5% to VND 172,800 per share. The company’s market capitalization continues to outpace Vietcombank, the second-largest player, with the gap widening as VIC’s valuation reaches VND 670 trillion.
This marks VIC’s third consecutive day of gains. Since September 24, the company’s market cap has increased by nearly VND 100 trillion. Alongside VIC, other “Vin” family stocks like VHM also played a pivotal role in supporting the market. VPB, GEX, and HDB also recorded positive gains, contributing to the index’s upward movement.
VIC was the primary driver of today’s gains, while the market appeared strong on the surface but weak underneath.
Conversely, most key sectors were in the red. The banking sector faced heavy selling pressure, with SHB, VPB, MBB, TCB, and ACB all declining, while only a few like HDB managed slight gains. Securities firms also performed poorly, with SSI, VND, and HCM each losing over 1%. Real estate showed mixed results: VHM continued its upward trend, but NVL, DXG, DIG, and PDR retreated significantly, reflecting investor caution.
Other large-cap stocks such as VCB, BID, CTG, and MWG also negatively impacted the index, pulling the VN-Index down by several points. This created a “green shell, red core” scenario—the index rose, but most stocks fell.
At the close, the VN-Index gained 5.78 points (0.35%) to 1,666.48, while the HNX-Index dropped 0.91 points (0.33%) to 275.15, and the UPCoM-Index fell 1.34 points (1.21%) to 109.29.
Liquidity remained low, with HoSE trading volume reaching over VND 27.065 trillion, similar to the previous session. Analysts predict that without improved and broader capital flow, market volatility will persist in upcoming sessions.
Market Pulse 25/09: VIC Accelerates, VN-Index Closes Up Nearly 9 Points
After a morning session marked by persistent tug-of-war around the reference point, the market swiftly shifted gears in the afternoon, adopting a highly positive trajectory. At one point, the VN-Index surged by over 10 points, reaching a high of 1,668. VIC emerged as the standout stock, contributing significantly to the market’s gains today.
Unraveling the ‘Outperformance’ Secret of Vietnam’s Oldest Open-Ended Fund
DCDS, one of Vietnam’s longest-standing open-ended funds, is making waves with its exceptional performance, outpacing the VN-Index benchmark.
Expert Insight: VN-Index Could Breach 1,600 Points—Prioritize Risk Management
Anticipating next week’s market dynamics, leading experts unanimously highlight elevated short-term risks, suggesting the VN-Index may retest the 1,600-point threshold.
Market Experts Outline Key Conditions for Stocks to Rebound to 1,700-Point Peak
The VN-Index is just 35 points shy of its historic peak, yet many investors are nursing significant losses in their portfolios.
Dragon Capital Group Trims Stake as MWG Shares Hit Record High
Dragon Capital’s September 16th report reveals a significant shift in its investment strategy. The group’s funds have collectively divested from Mobile World Investment Corporation (HOSE: MWG), resulting in the group no longer holding a substantial stake in the company.
