VN-Index surpasses 1,000-point threshold

Vietnam’s benchmark VN-Index broke through the 1,000-point territory on the week-opening session with 118 stocks hitting their ceiling prices.

Closing the Monday session, the index, which tracks the performance of the Ho Chi Minh Stock Exchange (HoSE), surged 34.23 points or 3.52% to 1,005.69, with 416 gainers and only 55 losers.

Trading value on the HCMC bourse hit nearly VND15.57 trillion ($628.3 million), an increase of 64.1% over the previous session on November 25, with close to 974 million shares changing hands.

The VN30 group continued to play the leading role, with seven stocks hitting their ceiling prices, namely TCB of Techcombank, KDH of Khang Dien Holding Corp, VRE of Vincom Retail, SSI of Saigon Securities, VHM of Vinhomes, HPG of steel maker Hoa Phat, and GAS of PV Gas.

Notably, NVL of Novaland Group closed at the reference price, ending its 18-session losing streak. The stock maintained its floor price during the morning, though just a few minutes after lunch, nearly 50 million NVL shares were absorbed at the floor price. Strong bottom-fishing demand helped NVL even expand by 2.7% at a time, with 104.2 million shares traded for nearly VND2.05 trillion ($82.66 million).

Real estate tickers showed good performances with an overwhelming number of stocks hitting their ceiling prices. In addition to blue chips like VHM and KDH, medium and small caps like NLG of Nam Long Group, CEO of CEO Group, DXG of Dat Xanh Group, and DIG of DIG Corp also enjoyed maximum expansion.

Securities and steel groups continued to "show off" the purple color, with most of the tickers hitting their ceiling prices.

The green color also covered many other groups like banking, oil and gas, cement, construction, and seafood.

Foreign investors remained net buyers to the tune of VND1,678 billion ($67.66 million) on the HoSE. They mainly net purchased HPG, VHM, STB of Sacombank, MSN of Masan Group and CTG of Vietinbank while net selling NVL, DGW of Digital World, DGC of Duc Giang Chemicals Corp, HAG of Hoang Anh Gia Lai Group, and HCM of HCMC Securities.

The HNX-Index on the Hanoi bourse increased by 7.29 points or 3.7% to 204.06, while the UpCOM-Index on the unlisted public company market was up 1.62 points or 2.37% to 70.03.