VN-Index rose 9 points

Strong buying pressure towards the end of the session helped the VN-Index surge, with green dominating both exchanges.

The color green has returned, although demand remains weak.

The sharp decline on January 18th led investors to enter new trading sessions with considerable caution. After initial concerns, the market became quite active, with green spreading from large-cap stocks to small-cap stocks.

Strong buying pressure towards the end of the session helped the VN-Index recover some of the points lost in the previous session, rising 9.4 points to 536 points. Across the entire exchange, 173 stocks increased while 58 stocks decreased.

The HNX-Index edged up one point to 74 points. Across the entire exchange, 148 stocks gained, three times the number of declining stocks. Despite some bottom-buying activity, the total trading volume on both exchanges only reached 2,000 billion VND.

A series of large-cap stocks surged sharply, including BVH (up 2,300 VND), VNM (up 2,000 VND), MSN (up 1,000 VND), DXG (up 600 VND), BMP (up 1,000 VND), HPG (up 400 VND), and HAG (up 300 VND)…

Banking stocks played a leading role in maintaining the positive momentum of the VN-Index: VCB increased by 1,700 VND, BID by 500 VND, MBB by 200 VND, CTG by 600 VND, and ACB by 300 VND.

The positive sentiment also spread to speculative stocks, with FLC rising by 300 dong, HAI and JVC hitting the ceiling limit with gains of 200 dong, KLF increasing by 200 dong, and SHN rising by 500 dong.

However, oil and gas stocks continued to decline and trade sideways: PVD fell by 300 dong, PVC and GAS remained unchanged… due to concerns about further oil price drops. Several other stocks, including HVG, HNG, and BMI, maintained their downward trend.

Immediately following yesterday's sharp decline, the State Securities Commission sent a letter to the Hanoi and Ho Chi Minh City Stock Exchanges and the Securities Depository Center to coordinate, review transactions, and address rumors of profiteering. This message helped reassure investors when trading.

Asian stocks rebounded strongly today, with the Nikkei index rising 0.55%, the Shanghai index surging 3.25%, and the HIS index also increasing by 2.08%. Oil prices also recovered to $29.6 per barrel.

Vietcombank Securities Company believes that negative factors from both domestic and international sources have combined to create a widespread "shakeout" after a long period of market stagnation with declining indices and tight liquidity for more than two months.

According to VNE