Vietnamese Stock Market Reaches New Heights

The Vietnamese stock market has seen a significant uptick, closing 13.51 points higher after a slight drop in the previous session. This marks a 34-month high, showcasing the market's robust growth.

Increased Trading Activity

Trading on the Ho Chi Minh Stock Exchange surged by 1% to VND22.46 trillion (US$881 million), indicating heightened investor confidence and market activity.

Top Performers and Decliners

Among the VN-30 basket, which includes the 30 largest capped stocks, 24 tickers experienced gains. Notably, MWG of the electronics retail chain Mobile World led with a 3.9% rise, followed by SSI of SSI Securities Corporation, up 3.1%. However, not all was positive as five blue chips saw declines, including SAB of brewer Sabeco and LPB of Fortune Vietnam Bank.

Foreign Investment Trends

Foreign investors were net buyers, purchasing VND431 billion worth of stocks. Their activity was marked by net selling of TPB of private TPBank and VNM of dairy giant Vinamilk, highlighting selective investment strategies.

Other Market Movements

The HNX-Index for stocks on the Hanoi Stock Exchange rose by 1.10%, while the UPCoM-Index for the Unlisted Public Companies Market increased by 0.66%, signaling a broad-based market rally.