Market

VN-Index Soars to Unprecedented Heights: A Closer Look at the Market's Record-Breaking Session

Market Overview

The VN-Index reached a historic peak, climbing to 1,602 points, a significant leap from the previous session's close at 1,584.95. This remarkable surge was observed within the first 90 minutes of trading, signaling a vibrant start to the week.

Trading Volume

Transactions on the Ho Chi Minh Stock Exchange, the index's foundation, amassed to VND20 trillion (US$762.5 million), showcasing the market's robust activity.

Sector Highlights

Masan Group's MSN led the charge among the VN30 basket's top performers, hitting its ceiling price. Not far behind, giants in consumer goods and retailing, including Vinamilk (VNM), Mobile World (MWG), and Sabeco (SAB), enjoyed a 1% uptick.

Notable Decliners

Despite the overall bullish trend, five blue-chip stocks experienced over a 1% dip. Vincom Retail (VRE), TPBank (TPB), and Sacombank (STB) were among the most affected, with declines ranging from 1.3% to 1.8%.

Market Predictions

Analysts from leading securities firms had anticipated the VN-Index's ascent beyond the 1,600 mark early in the week, with potential to reach 1,650, contingent on sustained capital inflow.