The VN-Index reached a new peak at 1,765 points, driven by strong inflows into large-cap stocks, which were today’s primary market movers. VIC contributed nearly 12 points, as its shares surged 7% to VND 205,400 per share, marking a new all-time high for Vingroup. This pushed the conglomerate’s market capitalization close to VND 800 trillion, a remarkable increase of over VND 100 trillion in just two consecutive sessions of VIC hitting its ceiling.
Other Vingroup affiliates, including VHM, VRE, and VPL, also saw gains, with VRE climbing 6.6% to VND 43,000 per share, nearly reaching its upper limit.
VIC propelled the VN-Index by nearly 12 points, with shares soaring 7% to VND 205,400.
The VN-Index’s consecutive record highs were significantly bolstered by Vingroup stocks. The VN30 basket also featured VJC, which hit its ceiling at VND 142,600 per unit. With two stocks at their upper limits, the VN30-Index surged over 31 points, surpassing the 2,000-point milestone for the first time in Vietnamese stock market history, closing at 2,012 points. Other large-cap contributors included CTG, VNM, HDB, LPB, and GVR.
Despite the indices reaching new highs, the market remained “green on the outside, red on the inside,” with declining stocks outnumbering gainers on HoSE. The steel sector continued to weigh heavily, led by HPG’s 2.03% drop, the session’s most negative influencer. Meanwhile, banking stocks like VPB, ACB, MBB, and BID saw minor adjustments, highlighting intra-sector divergence.
Red dominated sectors such as industrials, construction, materials, energy, and insurance.
At the close, the VN-Index rose 17.57 points (1.01%) to 1,765.12. The HNX-Index gained 1.73 points (0.63%) to 275.35, and the UPCoM-Index added over 1 point to 112.7. Liquidity rebounded strongly, with HoSE trading volume exceeding VND 44.5 trillion.
Foreign investors remained net sellers, offloading nearly VND 1.16 trillion, primarily in HPG, VRE, VHM, MBB, and MSN.
Foreign Block Continues Net Selling Spree, Offloading Over a Trillion Dong as VN-Index Hits New Peak, Heavily Dumping Bluechip Stocks
In the afternoon trading session, VIC emerged as the most heavily net-bought stock across the entire market, with a remarkable value of approximately 272 billion VND.
Proprietary Trading Firms Unleash Nearly $35 Million in Net Selling on First Trading Day: Which Stocks Are in the Crosshairs?
Proprietary trading firms net sold a staggering VND 774 billion on the Ho Chi Minh Stock Exchange (HOSE), marking a significant shift in market dynamics.
Stock Market Shatters All Records
The opening session of the week (October 13th) marked a historic milestone for Vietnam’s stock market, as the VN30-Index surpassed the 2,000-point threshold for the first time.
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Following the Vietnamese stock market’s ascent to new heights and its official upgrade to secondary emerging market status, investor focus is shifting towards stocks with unique narratives, particularly within the energy sector. However, several energy stocks are currently lagging significantly behind the broader market’s momentum.
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