The trading session leading up to Christmas (December 24th) saw the VN-Index extend its winning streak, mainly driven by blue-chip stocks. The VN-Index reached a new high, but the market’s divergence became even more pronounced, with cautious sentiment still prevailing.

In the morning session, the VN-Index mostly fluctuated around the reference point, with buying and selling pressure locked in large-cap stocks. Capital inflow into the market was quite cautious, selectively concentrated in a few banking and securities stocks, while most other stocks experienced narrow fluctuations.

The VN-Index reached a new peak, but the divergence in performance became even more pronounced.

Entering the afternoon session, capital flow returned more noticeably to the market. Increased demand for blue-chip stocks helped the VN-Index turn green again, although market breadth remained somewhat subdued. The main drivers of the index continued to come from the Vingroup group and financial sector stocks.
VHM stock became the focal point, surging 6.88% to its ceiling price, contributing the most to the VN-Index. VRE increased by 1.17%, while some other real estate stocks like DXG and DIG saw slight gains. Conversely, VIC and VPL experienced slight declines. Nevertheless, thanks to the strong pull from VHM, this group still contributed nearly 7 points to the VN-Index during the session.
The banking sector played a leading role, with STB surging 4.8%, SHB up 3.9%, VPB up 2.1%, and LPB recovering 2.4% after the previous sharp decline. Stocks like MBB, ACB, and VIB also maintained their gains. Conversely, VCB saw a slight decrease.

The securities sector traded more positively than the overall market, benefiting from the return of capital to leading stocks. VCI rose nearly 4%, VND increased 2.3%, SSI gained 1.8%, and SHS rose 1.4%.

Conversely, the steel and chemical sectors exerted significant pressure. HPG fell 0.75%, and DGC continued its sharp decline of 5.25%, becoming one of the stocks with the most negative impact on the index. The oil and gas sector showed mixed performance, with PVT rising 2.44%, PVD slightly increasing, while PVS fell 1.75%.

At the close of trading, the VN-Index increased by 10.67 points (0.6%) to 1,782.82 points. The HNX-Index decreased by 2.87 points (1.12%) to 252.60 points. The UPCoM-Index decreased by 0.05 points (0.04%) to 119.90 points.

Foreign investors made net purchases of over VND 1,063 billion on the HoSE, focusing on banking and securities stocks such as STB, MBB, SSI, MWG, VND, and VPL. Conversely, foreign investors focused their net selling on DGC, VIC, HPG, GMD, and DIG.

According to Viet Linh

Tien Phong