Market Rebound Leads to Historic Highs

The VN-Index has made a remarkable recovery, closing 24.5 points higher after a slight dip earlier in the week. This surge has pushed the index beyond the 1,500-point threshold, a milestone not reached in over three years.

Driving Forces Behind the Surge

Recent weeks have seen a strong recovery in Vietnam's stock market, fueled by lower U.S. tariffs and a decrease in geopolitical tensions. These factors have collectively contributed to the market's optimistic outlook.

Trading Volume and Key Performers

Trading volume on the Ho Chi Minh Stock Exchange experienced a slight decline, settling at VND33.73 trillion (US$1.29 billion). However, the VN30 basket, which includes the top 30 stocks by market capitalization, witnessed significant gains, with 26 stocks advancing.

Leading the charge was Vietjet (VJC), with a impressive 6.9% increase, closely followed by Vingroup (VIC) at 4.9%. Other notable performers included HDBank (HDB) and Vinhomes (VHM), which saw gains of 3.9% and 3.8%, respectively.

Foreign Investment Trends

Despite the overall positive trend, foreign investors were net sellers, offloading stocks worth VND1.87 trillion, with significant sales in Vietjet (VJC) and SSI Securities Corporation (SSI).

Other Indices Performance

The HNX-Index for mid and small caps on the Hanoi Stock Exchange rose by 0.84%, while the UPCoM-Index for unlisted public companies saw a slight decrease of 0.24%.