Stocks in the VN30 basket mostly posted gains and slightly dominated the market. Specifically, MBB, HPG, TCB, and VPB contributed 1.33, 1.25, 0.93, and 0.48 points to the overall index, respectively. On the other hand, FPT, VNM, VHM, and VJC faced selling pressure, deducting over 1 point from the VN30-Index.
Source: VietstockFinance
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The current recovery is led by the financial sector, with most stocks in the industry trading in the green. Notably, securities stocks surged from the beginning of the ATO session, including SSI (+1.13%), HCM (+2.12%), VCI (+1.3%), and MBS (+4.75%). This optimistic sentiment could be attributed to the Ministry of Finance’s recent approval of Circular No. 68/2024/TT-BTC, which amends and supplements a number of articles in the Circulars guiding securities trading on the securities trading system, clearing, and payment. This move addresses the long-standing issue of allowing foreign institutional investors to purchase stocks without the requirement of pre-funding, thereby creating opportunities for the development of Vietnam’s securities market and related service providers.
Additionally, banking stocks also witnessed a positive session, with most stocks closing in the green, including MBB (+1.58%), VPB (+0.52%), STB (+0.32%), and ACB (+0.58%) …
The materials sector also attracted investment attention, with the three major steel stocks, HPG (+1.35%), HSG (+2.98%), and NKG (+2.61%), and several chemical stocks, such as DCM (+1.83%), DPM (+1.54%), and DGC (+0.61%), posting notable gains…
As of the writing, 366 stocks advanced, while 215 declined.
Source: VietstockFinance
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Opening: Maintaining a slight gain
As of 9:30 am on September 25, the VN-Index rose over 3 points to 1,280.69, while the HNX-Index also slightly increased to 235.1.
Gold prices surged more than 1% to a new record high on Tuesday (September 24), continuing the recent upward trend as tensions in the Middle East fueled safe-haven demand, while investors anticipated further interest rate cuts in the US.
On September 24, the spot gold price rose by 1.1% to $2,656.38 an ounce, after hitting a new high of $2,654.96 an ounce. Gold futures also increased by 1% to $2,680.00 an ounce.
As of 9:30 am, major stocks such as VCB, HPG, and CTG pushed the market up by more than 1 point. On the contrary, VHM, KDC, and NAB led the negative impacts on the market, but the decrease was less than 0.5 points.
Energy stocks maintained stable growth from the beginning of the session, with stocks such as BSR (+1.26%), PVS (+0.72%), PVD (+0.54%), PVC (+0.76%), and PVB (+1%) recording gains. The remaining stocks in the industry remained unchanged or slightly decreased.
“Japan Supports Enhancing the Efficiency of Vietnam’s Stock Market”
On September 23, the State Securities Commission of Vietnam (SSC) and the Japan International Cooperation Agency (JICA) hosted a workshop in Hanoi titled “Promoting the Efficiency of Vietnam’s Stock Market.” This event marked the launch of a project aimed at “Enhancing Capacities for Promoting the Efficiency of Vietnam’s Securities Market.”
