Market

Vietnamese Stocks Surge to a 3-Week High Amidst Robust Trading Activity

Market Overview

Following a slight dip in the previous session, the stock market rebounded impressively, closing 17.10 points higher. This resurgence was accompanied by a significant 10% increase in trading volume on the Ho Chi Minh Stock Exchange, amounting to VND13.24 trillion (US$527 million).

Top Performers

Among the standout performers, the VN-30 basket, which includes the 30 largest capped stocks, witnessed gains in 26 of its tickers. Notably, FPT Corporation, Mobile World, and SSI Securities Corporation saw their stocks rise by 3.1%. VPBank and Vietnam International Commercial Bank also enjoyed substantial increases of 3% and 2.5%, respectively. Remarkably, no blue-chip stocks ended the day in the red.

Foreign Investment

Foreign investors played a significant role in the day's trading, net buying to the tune of VND144 billion. Their investments were primarily directed towards SSI Securities Corporation and HDBank, indicating strong international confidence in Vietnam's market.

Other Indices

The positive trend was not limited to the Ho Chi Minh Stock Exchange. The HNX-Index for the Hanoi Stock Exchange and the UPCoM-Index for the Unlisted Public Companies Market also saw increases, rising by 0.90% and 0.86%, respectively.