Market rebounds on positive sentiment

Jul 17th at 07:59
17-07-2025 07:59:16+07:00

Market rebounds on positive sentiment

This momentum reaffirms investor confidence as the market eyes the symbolic 1,500-point mark.

An investor performs a transaction at a VIX trading office. Shares of the securities firm soared nearly 7 per cent on Wednesday, supporting the market's recovery. — Photo courtesy of the company

Việt Nam’s stock market marked a strong comeback on Wednesday, recovering swiftly from the previous session’s pullback. 

On the Ho Chi Minh Stock Exchange (HoSE), the benchmark VN-Index jumped 14.82 points, or 1.02 per cent, to close at 1,475.47 points, erasing nearly 10 points lost the day before and pushing the index close to the critical 1,480 resistance level.  

This momentum reaffirms investor confidence as the market eyes the symbolic 1,500-point mark.

Despite slightly cooled trading activity compared to the previous session, market liquidity remained high. 

The southern bourse's liquidity fell slightly but still hovered at nearly VNĐ33 trillion (US$1.3 billion). 

The data suggests that investor sentiment remains upbeat, and cash flow into the market has yet to show signs of retreat, even amid short-term volatility.

Market breadth returned to the positive zone, with the number of gainers surpassing that of decliners by 215 to 103.

The VN30 Index, which tracks the 30 largest stocks on HoSE by market cap and liquidity, surged 20.08 points, or 1.29 per cent, to 1,614.42 points, with 22 ticker symbols closing higher. Leading the VN30 gainers were blue-chip names such as Vingroup (VIC), Hoa Phat Group (HPG), Vietinbank (CTG), Techcombank (TCB), Vinhomes (VHM), BIDV (BID), and SSI Securities Corporation (SSI). 

Only six of the VN30 stocks ended lower.  

VIC (Vingroup) was the single most influential stock on the market today, contributing 5.16 points, or 5.2 per cent, to the VN-Index’s gain.

The banking and brokerage sectors also played key roles in the rally, with VIX Securities Corporation (VIX) hitting the ceiling price, further bolstering the index’s strength.

On the Hanoi Stock Exchange, the HNX-Index continued its rally streak to the fourth day, adding 2.02 points, or 0.84 per cent, to finish at 242.35 points.

Foreign investors extended their net buying streak for the 11th consecutive session, with a net inflow of VNĐ294.78 billion. 

Top buys included HPG, SSI, Dat Xanh Group (DXG) and VPBank (VPB), all recording net purchases exceeding VNĐ100 billion.

Today’s performance reinforces the short-term uptrend of the VN-Index, with sustained domestic capital, continued foreign participation and solid support from key sector leaders forming a strong foundation.

Market watchers believe this momentum could carry the index toward higher resistance zones in the next few sessions. 

Bizhub

- 18:03 16/07/2025



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