Foreign investors post strongest net buying in seven sessions as VN-Index surpasses 1,320 points

Foreign investors post strongest net buying in seven sessions as VN-Index surpasses 1,320 points

The market reacted favourably to easing trade tensions and the possibility of an extended suspension of retaliatory tariffs amid ongoing negotiations.

Techcombank's headquarters in Hà Nội. The bank's TCB shares led the entire market on Thursday. — Photo techcombank.com

The Vietnamese stock market performed positively on Thursday as the VN-Index surpassed the 1,320-point threshold, with a notable surge in liquidity and foreign investors recording their highest net buying in seven sessions.

The market reacted favourably to easing trade tensions and the possibility of an extended suspension of retaliatory tariffs amid ongoing negotiations. Right from the opening bell, the VN-Index jumped above 1,320 points and maintained this level throughout the session.

By the end of trading, the VN-Index closed at 1,322.99 points, up 7.79 points or 0.59 per cent. Market breadth tilted strongly in favour of gainers, with 210 stocks rising and only 86 declining.

Liquidity rose significantly by 37.5 per cent from Wednesday’s session, reaching VNĐ19.8 trillion (approximately US$760 million).

The VN30-Index, which tracks the 30 largest listed companies by market capitalisation, also rose 7.01 points, or 0.66 per cent, to end at 1,412.16 points. Within the basket, 26 stocks advanced, three declined and one remained unchanged.

Blue-chip stocks, particularly in banking and manufacturing, led the gains. Techcombank (TCB) topped the market, climbing 2.82 per cent and contributing over 1.4 points to the VN-Index. It was followed by Hoa Phat Group (HPG), Sacombank (STB) and Vietnam Rubber Group (GVR), which rose by 2.68, 5.02 and 2.88 per cent respectively.

Despite the overall upbeat performance, the market faced some drag from the Vingroup family of stocks. Vingroup (VIC), Vinhomes (VHM) and Vincom Retail (VRE) declined by 3.77, 2.91 and 3.45 per cent respectively, collectively shaving over five points off the VN-Index.

In recent sessions, VIC and VHM had put considerable pressure on the market, with their volatility heavily influencing the VN-Index. However, despite these losses, the index still posted a net gain of nearly 7.8 points, highlighting its broad-based strength across other sectors.

Essentially, the rest of the market outperformed the Vingroup stocks. Among the 85 declining stocks on the VN-Index, only eight recorded trading value above VNĐ10 billion, indicating that the downward pressure was concentrated in a few large-cap names.

Analysts at Viet Dragon Securities noted that mixed signals in price movements suggest the market remains indecisive. While previous downward pressure could still pose short-term risks, the current pullback appears to be a technical correction. In the event of a quick retreat to the 1,290–1,300 point support zone, the market is expected to receive renewed support. If the downtrend has been contained, a period of consolidation will be necessary before a sustained move above the 20-day moving average can resume.

On the northern bourse, the HNX-Index also posted a gain of 1.5 points, or 0.66 per cent, to close at 227.73 points. Total trading value reached VNĐ1.3 trillion, with over 75 million shares exchanged.

Foreign investors showed surprising enthusiasm, adding another VNĐ229.6 billion in net buying during the afternoon. They maintained strong buying activity with total disbursements of VNĐ1.2 trillion, similar to the morning session, while selling value fell by 6 per cent to VNĐ982.4 billion. 

Bizhub