Retail Stocks Surge to 9-Day High Amid Rising Consumer Demand

The VN-Index has made a notable leap, rising by 1.02% to reach 1,223.35 points on Thursday, marking the highest level since April 15. This upward momentum reflects ongoing positive market sentiment and a mix of investor activity across key sectors.

Market Overview

The benchmark index ended the trading day up by 12.35 points, building on a gain of 13.87 points from the prior session. Despite the positive performance, trading volume on the Ho Chi Minh Stock Exchange dipped by 7%, totaling VND17.66 trillion (approximately US$679 million).

Key Performers in the VN-30

Among the 30 largest capped stocks in the VN-30 basket, a robust majority of 18 stocks closed with gains. Leading the charge was Vingroup’s VIC, which surged by 7%. Also in the spotlight were Bao Viet Holdings’ BVH, up 5.6%, and real estate giant Vinhomes’ VHM, which rose by 4.6%. HDBank’s HDB rounded out the top performers with a 4.4% increase.

Conversely, eight blue-chip stocks experienced declines. Asia Commercial Bank (ACB) saw a decrease of 1.8%, while Techcombank (TCB) fell by 1.3%.

Foreign Investment Trends

Foreign investors remained active participants in the market, concluding the day as net buyers with a total purchase of VND574 billion, primarily focused on Hòa Phát Group’s HPG and the electronics retailer Mobile World (MWG). This trend signals a growing confidence from foreign stakeholders in the Vietnamese market and its expanding opportunities.

Regional Indices Movement

In related exchanges, the HNX-Index of the Hanoi Stock Exchange, which features mid and small-cap stocks, ticked down by 0.18%. Meanwhile, the UPCoM-Index for unlisted public companies experienced a modest rise of 0.40%, showcasing a slight differentiation in performance among various market segments.

In summary, the upward trajectory of the VN-Index and the impressive gains among key stocks reflect a vibrant and dynamic market landscape. As investor confidence grows, particularly with significant foreign engagement, the future looks promising for Vietnam’s retail and broader economic sectors.

Questions & Answers:

1. What recent milestone did the VN-Index achieve? The VN-Index rose by 1.02% to 1,223.35 points, reaching its highest level since April 15.

2. How did foreign investors engage with the market? Foreign investors concluded as net buyers, investing VND574 billion, with a focus on stocks like HPG and MWG.

3. What was the performance of blue-chip stocks? Out of the VN-30 stocks, 18 showed gains, with VIC and BVH leading, while eight stocks, including ACB and TCB, saw declines.