Achieving strong gains in the afternoon session, Vietnamese stock indices ended the session on December 5 positively with VN-Index increasing 27.12 points to 1,267.53, HNX-Index increasing 4.98 points to 229.6 and UPCoM-Index increasing 0.51 points to 92.95.
Liquidity on the HOSE floor reached 908 million units, equivalent to VND21,041 billion, up 58% and 51% respectively compared to the session on December 4. This is the first time since October 3 that liquidity on the HOSE floor has exceeded VND20,000 billion.
Foreign investors had their first net buying session in December, with a scale of nearly 770 billion VND, in which buying power focused on HPG with nearly 127 billion VND, MSN with more than 76 billion VND, FPT with more than 74 billion VND, and SSI with more than 71 billion VND.
Liquidity increased dramatically as investors chased prices, pushing stock prices up, signaling a clear recovery of the market.
More impressive than VN-Index, VN30-Index increased by 39.74 points, equivalent to 3.06% to 1,337.55 points.
Most industry groups increased, of which the financial services group increased by 6.08%, the strongest in the market with a series of securities stocks increasing strongly, even 9 codes increased to the ceiling including SSI, HCM, VCI, VIX, FTS, BSI, CTS, ORS and VDS.
The strong market growth partly reflects the response to the world context, when both Asia today and Wall Street last night recorded positive increases.
Experts predict that the stock market will maintain its trend within the range of 1,250 - 1,300 points. Some opinions say that the market will not be able to break out due to pressures such as foreign investors maintaining net selling, high USD exchange rate, and rising US inflation creating pressure on interest rate management in the US. In particular, foreign investors focusing on net selling in bluechip stocks is a factor that greatly affects the market.
Notably, by December 31, the market will be affected by the psychology of selling off portfolios to have money to spend and to prevent unexpected information during the long holiday. However, experts say that the market is not at risk of a sharp drop. Since March 2024, the market has been moving in a range of 1,200 - 1,300 points, so the probability of a sharp drop is not high.
In 2025, analysts predict that there will be many stories for the stock market such as market upgrades, loose monetary policies, and global capital flows tending to shift to frontier and emerging markets, including Vietnam. Looking at the medium and long term, the market is still positive.
