VN-Index Closes Week Above 1,325 Points
Market Continues Upward Trend as VN-Index Ends the Week Above 1,235 Points
The Vietnamese stock market continued its positive momentum, with the VN-Index closing the week above 1,235 points. Strong investor sentiment and positive economic data contributed to the market's upward trajectory.
The benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) gained 8.68 points, or 0.7 per cent, to end Friday at 1,235.48 points. The index had increased by a total of 25.86 points during the week.
Liquidity on the HoSE, however, remained low, with over VNĐ18.6 trillion (US$788.4 million) worth of shares changing hands, equivalent to a trading volume of 726.3 million shares. This marked a slight decrease compared to the previous sessions.
According to analysts at Saigon - Hanoi Securities JSC (SHS), the market's positive trend is expected to continue in the coming sessions. They attributed this optimism to improved investor confidence and positive macroeconomic indicators.
The market's breadth was positive, with 234 stocks advancing and 178 declining. Foreign investors also continued to be net buyers on the southern bourse, with a net purchase value of VNĐ109.73 billion. This marked a significant change from being net sellers in the earlier part of the week.
The HNX-Index on the Hà Nội Stock Exchange (HNX) also rose by 0.87 per cent to end at 247.73 points. The index had gained a total of 4.29 points during the week. More than 93.7 million shares were traded on the northern bourse, worth over VNĐ1.6 trillion.
