Market maintains momentum thanks to banking stocks
- 157
- Business
- 11:04 29/04/2022
DNHN - The market continued its upward march on Wednesday as optimistic sentiment lifted large-cap stocks.
On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index rose by 12.43 points, or 0.93 per cent, to 1,353.77 points.
The market's breadth was overwhelmingly positive with advancers beating decliners by about 718 to 195. Notably, 89 stocks reached ceiling prices while only 13 hit floor prices.
During the session, around 520 million stocks were traded on the southern bourse, equivalent to nearly VND14.5 trillion (US$633 billion).
Bullish sentiment prevailed in the market, leading to lots of green on the screens. The 30 biggest stock tracker VN30-Index inched up by 5.13 points, or 0.37 per cent, to 1,402.03 points.
It is also worth noting that 14 stocks in the VN30 basket finished higher yesterday, five ended flat and 11 slid.
Banking stocks led the market rally with gainers including Vietcombank (VCB), Bank for Investment and Development of Vietnam (BID), Techcombank (TCB), VietinBank (CTG), Military Bank (MBB), Vietnam International Commercial JS Bank (VIB) and Saigon Hanoi Commercial JS Bank (SHB).
Manufacturing stocks were also riding high on the trend with the steel giant Hòa Phát Group (HPG) gaining 3.16 per cent. Other stocks ending in the green include Masan Group (MSN), Vietnam Rubber Group (GVR) and Bình Sơn Refining and Petrochemical (BSR).
Realty stocks were another contributor to the market pickup with various stocks gaining value. Notably, up to 164 stocks in the sector gained ground whereas the number of losers was just 35.
The trio of stocks in the Vin family – Vingroup (VIC), Vinhomes (VHM) and Vincome Retail (VRE) – gave a mixed performance with the two first staying flat and the latter declining.
On the Hanoi Stock Exchange (HNX), the benchmark HNX-Index saw a boost of 11.92 points (3.45 per cent) to end at 357.09 points.
Analysts believed that despite low liquidity, rising demand for various stocks, notably banking stocks, has provided an impetus to the market, lifting both indices.
Foreign investors pulled out of the market on Wednesday with a total net selling value of VND250.1 billion. Of which, they net sold VND253.23 billion worth of stocks on HoSE and net bought VND3.14 billion on HNX.
Related news
- Expert Lại Thiên Phong: Localizing digital transformation – a new growth driver for Vietnam
- Are Vietnamese firms overlooking their most valuable “gold mine”?
- Iran Conflict and the “Double Shock” to the Global and Vietnamese Economies
- After 8 years and trillions sent abroad, are uST investors caught in a risky no-exit situation?
- When Cryptocurrency leaves the "Grey Zone": How are Vietnamese investors seeking profits?
- When the tech unicorn dream is undermined by reckless fundraising structures
- From New Year messages of World Leaders to the “new rules” of the Global economy in 2026
- Connecting Leaders, Shaping the Future: Strategic Leadership Planning Meeting – CorporateConnections Hanoi A
- Sunlight - Unilever Vietnam Recognized for Outstanding Contributions to the National Initiative Supporting Women Entrepreneurs
- Deputy Prime Minister Nguyễn Chí Dũng: “The country’s major challenges weigh heavily on my mind — and we must resolve them together.
- Unitsky String Technologies signs cooperation agreements with three Vietnamese partners, opening a new direction for smart mobility and sustainable development
- When artists do business – livelihood is no poetry!
- Before the D‑day to abolish flat‑rate tax: Fear of technology and costs leave small traders struggling to adapt
- Vietnamese enterprises at a crossroads: the impact of a potential US–China deal
- "Digital technicians" must not be forgotten if Vietnam aims to meet its strategic goals
- HDBank: Impressive profit growth, leading in profitability and advancing international integration
- TNI King Coffee sued for over VND 5 Billion in unpaid debts
- VINASME and Jeonnam Technopark Sign MOU on technology cooperation, human resource training, and trade promotion
- Vietnamese entrepreneurs strengthen ASEAN connectivity in the digital iIntegration era
- Vietnam upgraded to Secondary Emerging Market by FTSE Russell
Đọc thêm Business
CEO Nguyễn Tất Tùng: only by anchoring in culture and preserving national identity can Vietnamese entrepreneurs reach the world
In a setting imbued with the rich cultural essence of Kinh Bắc, the 15th anniversary celebration of Dragon Travel was far more than a typical corporate event.
Expert Lại Thiên Phong: Localizing digital transformation – a new growth driver for Vietnam
On the morning of April 21, at the Ministry of Science and Technology, the Agency for Technology Entrepreneurship and Commercialization Development announced the 2026 innovation agenda aligned with the National Strategy for Startup and Innovation.
Building and accumulating intangible assets: a sustainable competitive advantage
In an intellectually vibrant afternoon of the business community, a seemingly old question was raised again in a way that made the entire audience rethink from the beginning.
From cost optimization to “survival optimization”: Vietnamese firms confront supply chain volatility
A fresh surge in domestic fuel prices is not only squeezing household budgets but also triggering a quiet yet profound wave of concern across Vietnam’s business community.
What truly defines corporate value in a rapidly evolving digital era?
In the digital age, corporate value is no longer confined to tangible assets but increasingly resides in brand equity, data, and knowledge - intangible assets that ultimately determine competitive strength.
Are Vietnamese firms overlooking their most valuable “gold mine”?
In the digital economy, corporate value no longer primarily resides in factories or machinery. A growing body of research highlights a fundamental shift in how value is created.
Iran Conflict and the “Double Shock” to the Global and Vietnamese Economies
The outbreak of conflict in Iran since late February 2026 is sending significant shockwaves through the global economy.
After 8 years and trillions sent abroad, are uST investors caught in a risky no-exit situation?
The article “When the Tech Unicorn Dream Is Undermined by Careless Capital-Raising Funds” pointed out legal risks and financial structural issues in the fundraising model related to the uST ecosystem.
When Cryptocurrency leaves the "Grey Zone": How are Vietnamese investors seeking profits?
From a market operating in the "grey zone," cryptocurrency in Vietnam is entering a phase of reshaping as a series of Government orientations, decrees, resolutions related to digital assets, financial security.
When the tech unicorn dream is undermined by reckless fundraising structures
A green transport technology project in Belarus, thousands of kilometers from Vietnam has continued to attract capital from a significant number of Vietnamese investors.