Market Overview

The index witnessed a significant uplift, closing 1.9 points higher following a remarkable surge of 13.8 points on Monday. This upward trend was mirrored in the trading volumes on the Ho Chi Minh Stock Exchange, which saw a 34% increase to VND17.8 trillion (US$686 million).

Performance Highlights

Within the VN30 basket, which includes the 30 largest capped stocks, 12 tickers experienced gains. Leading the pack was BVH of insurance company Bao Viet Holdings with a 3% increase, closely followed by GAS of state-owned Petrovietnam Gas, which rose by 1.9%.

Notable performances also came from VPB of private lender VPBank, up by 1.8%, and TPB of private TPBank, which closed 1.5% higher.

Decliners and Foreign Investment

Despite the overall positive trend, 13 blue chips saw declines, including BCM of Becamex Investment and Industrial Development, which dropped by 2.6%. GVR of Vietnam Rubber Group and SHB of Saigon Hanoi Commercial Bank also faced downturns, closing 2.2% and 1.6% lower, respectively.

Foreign investors emerged as net buyers, investing VND74 billion predominantly in VRE of retail real estate arm Vincom Retail and NVL of property developer Novaland Group.

Broader Market Movements

The HNX-Index for stocks on the Hanoi Stock Exchange, catering to mid and small caps, rose by 0.68%. Similarly, the UPCoM-Index for the Unlisted Public Companies Market enjoyed a 0.75% increase.