Vietnam’s stock market began positively on the morning session on March 13, marked by widespread gains and sustained upwards momentum throughout the session.

By the day’s close, the VN-Index had surged 25.51 points - its highest increase since November 8 - to 1,270.51 points, reaching its highest level in 15 months, since the previous peak of 1,277.4 points on September 6, 2022.

Trading activity on HoSE exceeded 928.2 million units, totaling VND26.292 trillion ($1.06 billion) in value. Across the exchange, 433 stocks advanced while 64 declined and 61 remained unchanged. Market liquidity surpassed 982.2 million units, equivalent to VND26.292 trillion ($1.06 billion).

The HNX-Index rose 4.17 points to 238.2 points, with trading volume surpassing 109.8 million units valued at over VND2.264 trillion ($91.7 million). Among listed stocks, 136 gained, 40 fell, and 64 remained unchanged.

Similarly, the UPCOM-Index rose 0.76 points to 91.53 points, with trading volume exceeding 50.6 million units, amounting to over VND651.7 billion ($26.4 million). There were 219 stocks seeing gains and 73 declines, while 81 remained unchanged.

The market’s ascent, coupled with heightened liquidity, propelled several stocks to hit their daily price ceilings. Notably, only VUA closed in negative territory, while others like IVS, ORS, VCI, VDS, and VIX experienced significant upwards movements.

Of the 28 bank stocks, only EIB remained unchanged, while the remaining 27 rose. Notable gainers included VIB, by 3.52 per cent, MBB by 3.25 per cent, VPB and TPB by 2.7 per cent, OCB by 3.29 per cent, and VCB by 1.69 per cent.

The real estate sector also played a significant role in driving the index upwards, with most stocks closing ahead. There were no declines in the petroleum sector, as stocks like BSR, OIL, PLX, POS, PVB, PVC, PVD, PVS, and TOS all experienced gains. Similarly, both the insurance and steel sectors saw robust growth, with no stocks recording losses.

Foreign investors continued their heavy net selling today, with a total net value of VND447.26 billion ($18.1 million), focusing on divesting from VNM, VND, and GEX.