VN-Index surpasses 1,180-point territory, hits 10-month high

The VN-Index, which represents the Ho Chi Minh Stock Exchange (HoSE), surged 13.09 points, or 1.12%, to close at 1185.9 on Friday, the highest level since September 23, 2022.

The major bourse saw up to 348 gainers and 120 losers, with 988 million shares traded for VND20.27 trillion ($856.8 million), soaring 23.47% from the previous session and marking the highest level during the week.

There were nine stocks with a trading value of over VND500 billion ($21.1 million). DIG of DIG Corp led this list with nearly VND990 billion ($41.8 million) and closed at its ceiling price of VND24,800 ($1.05). It was followed by STB of Sacombank, VND of VNDirect Securities, VPB of VPBank, and MWG of retailer Mobile World.

The VN30 index, which tracks the performance of 30 largest cap stocks, increased 18.34 points to 1,186.6, with up to 25 tickers rising.

MWG and PDR of Phat Dat Real Estate Development Corp had the most positive impact on the market as both hit their ceiling prices.

Other blue chips like MSN of Masan Group, STB of Sacombank, SSI of Saigon Securities, and real estate developer Novaland gained over 2%.

The green overwhelmed all groups of stocks, from banking and securites to real estate, aviation, retail and manufacturing.

Foreign investors were net buyers on the HoSE after net selling in the previous session to the tune of nearly VND100 billion ($4.23 million). They mainly net purchased VCB of Vietcombank and VNM of Vinamilk.

The HNX-Index on the Hanoi bourse increased 1.91 points to 234.98, while the UpCOM-Index on the unlisted public company market gained 0.5 points to 88.15.