Market

VN-Index Surges to a 2-Week High Amidst Significant Trading Volume Increase

Market Rally Highlights

The VN-Index experienced a notable rally, closing 15.96 points higher after a slight dip in the previous session. This surge marks a significant recovery and optimism among investors.

Trading Volume Skyrockets

Trading on the Ho Chi Minh Stock Exchange saw an impressive 25% increase, reaching VND21.64 trillion (US$833.4 million), indicating a bustling market activity.

Top Performers and Losers

Within the VN-30 basket, 27 out of 30 stocks witnessed gains. Leading the charge were TCB of Techcombank with a 6.52% jump, followed by TPB of TPBank and GVR of Vietnam Rubber Group. On the downside, MSN of Masan Group and HPG of Hoa Phat Group were among the few that declined.

Foreign Investors' Activity

Foreign investors emerged as net sellers, offloading over VND293 billion worth of stocks, with significant sales in VCB of Vietcombank and HPG.

Broader Market Trends

The HNX-Index for mid and small caps on the Hanoi Stock Exchange rose by 1.71%, while the UPCoM-Index for unlisted companies saw a modest 0.2% increase.