Market continues to rebound strongly

HÀ NỘI — The market finished the week higher on the strong recovery of blue-chip stocks, with the VN-Index adding nearly  二 四 per cent to break the psychological level of  九 七0 points. 

On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index rose  二 三. 七 五 points to  九 七 一. 四 六 points, or  二. 五 一 per cent. 

More stocks added points, helping lift investors' sentiment. On the southern bourse,  二 九 八 stocks advanced, while only  五 八 inched lower. Liquidity also improved, with matching value on HoSE reaching more than VNĐ 八. 四 trillion (US$ 三 四0 million), an increase of  二 二 per cent over the previous session. 

The index extended rallies on the back of large-cap stocks. Accordingly, the VN 三0-Index, tracking the  三0 biggest stocks on HoSE, jumped  二 六. 七 三 points, or  二. 八 四 per cent, to  九 六 七. 四 九 points. 

In the VN 三0 basket,  二 六 stocks edged higher with two stocks hitting ceiling prices, while only four stocks declined.

Statistics compiled by a finance website vietstock.vn showed that Vingroup (VIC) led the bullish trend, up nearly  六. 六 per cent. It was followed by other big names like BIDV (BID), Vinhomes (VHM), Masan Group (MSN), Vietinbank (CTG), and Hòa Phát Group (HPG). All the stocks gained at least  四. 四 四 per cent. 

Also supporting the market, retail, information technology, and securities stocks posted strong performance. Ticker symbols such as FPT Corporation (FPT), Petrolimex (PLX), and Viglacera Corporation (VGC) surged in a range of  二. 一 三- 七 per cent. 

The HNX-Index (HNX) on the Hà Nội Stock Exchange (HNX) also closed the week higher, up  五. 五 五 points, or  二. 九 per cent, to  一 九 三. 七 七 points.

On the northern bourse, nearly  五 七. 一 million shares were traded during the session, worth VNĐ  六 三 六. 三 一 billion.

The market also received support from foreign cash inflows as foreign investors net bought VNĐ 九 八 五. 七 五 billion on both main exchanges. Of which, they net bought VNĐ 九 六 二. 五 billion on HoSE, and VNĐ 二 三. 二 五 billion on HNX. VNS