Pillar stocks lift VN-Index to record high

Pillar stocks lift VN-Index to record high

Foreign investors continued to be net sellers today, but the selling scale shrank.

Inside a steel manufacturing plant of Hoa Phat Group. The leading steel producer's shares surged over 6 per cent on Thursday, supporting the market's bullish trend. — Photo hoaphat.com.vn

The Vietnamese stock market hit a record high on Thursday largely driven by a resurgence in blue-chip stocks, particularly in the banking sector, with the VN-Index inching close to the 1,700 point level.

The VN-Index on the Ho Chi Minh Stock Exchange (HoSE) rose nearly 15 points, or 0.89 per cent, to 1,696.29 points — a historic high.

Market breadth was positive, with 195 stocks increasing and 130 declining. The liquidity on the southern market also gained slightly from the previous session to VNĐ39.8 trillion (US$1.5 billion).

The VN30-Index, tracking the 30 biggest stocks on HoSE, finished higher at 1,883.59 points, reversing its morning decline of 0.22 per cent. By the close, 22 stocks ticked up, while six fell and two ended flat.

Vietcombank (VCB) led the uptrend with a rise of 2.84 per cent, contributing nearly 3.8 points to the VN-Index's gains.

Among the standout performers were Hoa Phat Group (HPG), which attracted substantial capital inflows, VPBank (VPB), FPT Corporation (FPT) and LPBank (LPB).

HPG’s trading value reached over VNĐ3 trillion in the afternoon, representing 25.5 per cent of the total trading value within the VN30-Index for that session.

Other blue-chip stocks like Duc Giang Chemicals Group (DGC), Mobile World Investment Corporation (MWG) and SSI Securities Company (SSI) also performed well, reversing earlier declines or increasing further.

Mid-cap stocks also attracted significant buying interest, with notable gains from DIC Group (DIG), up 2.01 per cent, Nam Kim Group (NKG) hitting the ceiling prices, Vietnam Maritime Commercial Joint Stock Bank (MSB), up 3.93 per cent, Hoang Huy Investment Financial Services (TCH) up 6.62 per cent and Hoa Sen Group (HSG) soared by 7 per cent.

These firms also reported liquidity of at least VNĐ400 billion.

On the Hanoi Stock Exchange (HNX), the HNX-Index also ended at 283.99 points, up 1.29 points, or 0.46 per cent.

As the market continues to respond positively, investors remain optimistic about future trading sessions.

Foreign investors continued to be net sellers, but the selling scale shrank, with nearly VNĐ752 billion net sold on HoSE and VNĐ39.93 billion on HNX. 

Bizhub