VN-Index Soars to New Record High, Setting Stage for Thriving Market Opportunities!
In a landmark surge, Vietnam’s benchmark VN-Index climbed 1.07% on Monday morning, officially crossing the coveted 1,600 mark for the first time. Just an hour and a half into trading, the index soared to 1,602, marking a gain of around 16 points from the previous close of 1,584.95.
During this period, the trading volume on the Ho Chi Minh Stock Exchange surged to VND20 trillion (approximately US$762.5 million).
In the VN30 basket, which includes the 30 largest capitalized stocks, shares of the Masan Group hit their ceiling price, reflecting robust investor interest.
Notable gains were also seen among prominent players in the consumer goods and retail sectors, as stocks like Vinamilk’s VNM, Mobile World’s MWG, and brewer Sabeco’s SAB appreciated by 1%.
Conversely, five blue chips faced testing waters, with significant drops of over 1%. Vincom Retail’s VRE, alongside TPBank’s TPB and Sacombank’s STB, experienced declines ranging from 1.3% to 1.8%.
Market analysts had anticipated that the VN-Index would breach the 1,600 threshold this week, with predictions hinting at a potential rally toward 1,650, provided capital inflows stay robust.
Questions & Answers
What milestone did the VN-Index achieve on Monday morning?
The VN-Index surged past the 1,600 mark, reaching 1,602 for the first time in history.
How much trading volume was recorded on the Ho Chi Minh Stock Exchange during this surge?
The trading volume amounted to VND20 trillion, which is roughly US$762.5 million.
Which sectors saw notable gains in stock prices?
The consumer goods and retail sectors performed well, with significant stocks like Vinamilk, Mobile World, and Sabeco all rising by 1%.