A strong inflow of capital into securities stocks pushed the VN-Index up by almost 11 points during yesterday's session, reaching 1,347 – its highest level since early May 2022.

Source: Hanoitimes

After Monday's gains, which were driven by strong demand for real estate stocks, the VN-Index continued its rally on June 3 as investors shifted cash into other sectors. The benchmark index for the Ho Chi Minh City Stock Exchange remained positive throughout the session.It finished at 1,347, surpassing last week's previous peak of 1,342 and marking its highest level in three years.

Securities stocks played a major role in today’s rally, with all components closing above their reference prices. VND and APG hit their daily limit, rising to approximately $0.69 and $0.50, respectively. Other large-cap stocks such as SSI, VCI, and HCM gained more than 2.5%, while mid-and small-cap stocks rose by 1–2%.

Real estate, which has surged in recent sessions, showed signs of divergence. NVL, HQC, CII, and HDC bucked the overall market trend, dropping 1–2.5%. Meanwhile, SCR, DIG, DXG, and NLG held on to modest gains, though their price volatility was lower than in the previous session.

Leading banking stocks, such as VCB, TCB, BID, and ACB, posted gains ranging from 0.6% to 2%. In contrast, mid-cap stocks like SSB and EIB fell slightly below their reference prices, which limited the overall rise of the VN-Index.

Other sectors, including seaports, oil and gas, steel, and fertilizers, also showed positive momentum, although their price swings were generally smaller than the previous day.

Market liquidity reached approximately $1 billion, up around $195 million compared to Monday, making this the most active trading session in nearly two weeks.

Three stocks on the Ho Chi Minh Stock Exchange had a trading value of over $39 million: SSI ($55.6 million), SHB ($51.2 million), and VND ($48.8 million). The next most active stocks were primarily from the securities and banking sectors and included VIX, VCI, HCM, TCB, and MBB.

In addition to the sharp rise in the VN-Index, the market sent another positive signal when foreign investors returned to net buying after seven consecutive sessions of selling. They purchased over $113 million worth of shares while selling around $78 million worth.

Foreign capital primarily flowed into real estate stocks. The CII saw net buying of over 3.5 million shares. Meanwhile, the NVL and VRE attracted 1.2 million and 3.1 million shares, respectively.