Market maintains momentum thanks to banking stocks
- 154
- 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
- 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
- Prime Minister: Vietnam aims to become a regional logistics hub
- Vietnam upgraded to Secondary Emerging Market by FTSE Russell
- Hanoi’s economy grows 7.92% in first nine months of 2025, FDI surges nearly threefold
- Vietnam’s strong gdp growth fails to ease labor market distress
- US tariffs on Brazil propel Vietnam’s pangasius into global spotlight
- VietLeap AI Accelerator launches: A strategic springboard for Vietnam’s AI startups
- CICON expands strategic alliances: A new step forward in Vietnam–Korea business connectivity
- What must Vietnamese enterprises do to maintain their position in the global supply chain?
- Vietnam advances cybersecurity law to boost digital sovereignty and business resilience
- Vietnam embraces digital tools to modernize public administration
- Administrative procedures for establishing the national technology exchange reduced to one application set
- Vietnam hits highest FDI inflow since 2009, fuels industrial real estate boom
- Foreign investors expected to open 150,000 new securities accounts in the next 5 years
- Government’s plan to implement Law on Digital Technology Industry approved
- Vietnam launches “Private Economy Panorama Model” to foster public-private national development
- Shark Nguyễn Hòa Bình: Hanoi will become the capital of startup innovation.
- Deputy Prime Minister Lê Thành Long meets with Osaka Governor Yoshimura Hirofumi to promote Vietnam–Japan cooperation.
- White House: When politics and technology join forces to rewrite the global AI order
Đọc thêm Business
VINASME and Jeonnam Technopark Sign MOU on technology cooperation, human resource training, and trade promotion
On October 15, 2025, in Hanoi, VINASME and Jeonnam Technopark (Korea) signed an MOU to promote trade, advance technology transfer, and develop human resources between enterprises of both nations.
Vietnamese entrepreneurs strengthen ASEAN connectivity in the digital iIntegration era
On the occasion of Vietnam Entrepreneurs’ Day (October 13), an international event themed “Integration – Innovation – Sustainable Development” was solemnly held in Ho Chi Minh City.
Vietnam upgraded to Secondary Emerging Market by FTSE Russell
FTSE Russell has officially upgraded Vietnam’s stock market to Secondary Emerging Market status, effective September 2026, marking a historic milestone for the country’s financial integration and global investment appeal.
US tariffs on Brazil propel Vietnam’s pangasius into global spotlight
Vietnam’s pangasius industry eyes $2 billion worth of exports in 2025 amid shifting US trade policy and a global supply realignment.
CICON expands strategic alliances: A new step forward in Vietnam–Korea business connectivity
On the afternoon of September 26, 2025, a strategic cooperation signing ceremony took place between CICON (Korea) and its key Vietnamese partners, including the Ho Chi Minh City Association of Small and Medium Enterprises (HUBA), Doanh nghiệp & Hội n
What must Vietnamese enterprises do to maintain their position in the global supply chain?
Mr. Lu Wei Chieh, General Manager of Cathay United Bank – Ho Chi Minh City Branch, shared with Business & Integration Magazine key strategies that can help Vietnamese enterprises not only stand firm but also go further amid shifting global dynamics.
Vietnam hits highest FDI inflow since 2009, fuels industrial real estate boom
This robust inflow is not only transforming the country’s industrial landscape but also signaling Vietnam’s rising role in the global supply chain amid shifting geopolitical dynamics.
Foreign investors expected to open 150,000 new securities accounts in the next 5 years
The Ministry of Finance has set an ambitious target to increase the number of securities trading accounts held by foreign investors in Vietnam to 200,000 by 2030—four times higher than the current figure.
Vietnam launches “Private Economy Panorama Model” to foster public-private national development
Billionaire Nguyen Thi Phuong Thao emphasizes that entrepreneurs’ responsibilities extend beyond profits to creating social value.
Deputy Prime Minister Lê Thành Long meets with Osaka Governor Yoshimura Hirofumi to promote Vietnam–Japan cooperation.
As part of his working visit to Japan and participation in the Vietnam National Day at EXPO 2025 Osaka, on September 8, Deputy Prime Minister Lê Thành Long held talks with Osaka Governor Yoshimura Hirofumi.