DailyBubble News
DailyBubble News

Market expends gains to fifth day on large-cap stocks

On Tuesday, the VN-Index continued its upward trend, nearing the 1,250-point mark, with foreign investors remaining net buyers. Despite expectations of a strong correction after several days of gains, the benchmark index quickly rebounded and closed higher. The Ho Chi Minh Stock Exchange (HoSE) ended the day at 1,248.63 points, up 0.57%, gaining nearly 44 points in the last five sessions.

While more stocks traded higher on the southern bourse, liquidity decreased compared to the previous session. The VN30-Index, tracking the 30 biggest stocks on HoSE, rose by 0.8%, with rallies in large-cap stocks supporting the market’s positive performance.

Hoa Phat Group (HPG) was the top gainer on the market, with shares of the steel producer rising by 2.9%. Other notable gains were seen in FPT Corporation (FPT), Vinamilk (VNM), PV Gas (GAS), Vietjet Aviation (VJC), and Vietnam Airlines (VHM). These positive results indicate a strong start to the first quarter for these companies.

On the Hanoi Stock Exchange (HNX), the HNX-Index also closed higher, with foreign investors continuing to be net buyers on both main exchanges. Overall, the market showed resilience and potential for further growth in the coming sessions.

DailyBubble’s perspective: The market’s ability to maintain its upward momentum despite initial expectations of a correction demonstrates investor confidence and positive sentiment. The strong performance of key stocks reflects a promising start to the quarter, signaling potential opportunities for investors in the Vietnamese market.

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