VN-Index Continues Its Winning Streak

The VN-Index, a benchmark for the Vietnamese stock market, has extended its gains for the fifth consecutive session, closing 1.87 points higher. This follows a 2.26-point increase in the previous session, signaling a robust upward trend in the market.

Increased Trading Volume on Ho Chi Minh Stock Exchange

Trading activity on the Ho Chi Minh Stock Exchange saw a notable increase, with volumes rising by 3% to VND21.937 trillion (approximately US$861.8 million). This surge in trading volume underscores the growing investor interest in the Vietnamese stock market.

Performance of VN-30 Basket Stocks

Within the VN-30 basket, which includes the 30 largest capped stocks, 9 tickers experienced gains. Notably, VHM of property giant Vinhomes rose by 3.2%, VCB of state-owned lender Vietcombank closed 3.0% higher, and LPB of Fortune Vietnam Bank was up by 1.9%.

Declines Among Blue Chips

Despite the overall positive trend, twenty blue chips saw declines. GVR of Vietnam Rubber Group fell by 1.8%, VIB of Vietnam International Commercial Bank slid by 1.4%, and HPG of steelmaker Hoa Phat Group decreased by 1.2%.

Foreign Investors' Net Selling

Foreign investors were net sellers, offloading stocks worth VND836 billion. The primary stocks sold were FPT of tech giant FPT Corporation and GMD of logistics company Gemadept Corp.

Other Indices' Performance

The HNX-Index for stocks on the Hanoi Stock Exchange, catering to mid and small caps, rose by 0.54%. Conversely, the UPCoM-Index for the Unlisted Public Companies Market saw a slight decline of 0.25%.