HÀ NỘI — The Vietnamese stock market extended its gains on Thursday, with the benchmark VN-Index breaking through the 1,290-point barrier. Despite this positive momentum, trading liquidity saw a slight decrease, and foreign investors resumed net selling activities.

On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index climbed 4.42 points, or 0.34%, to reach a closing value of 1,292.98. The market breadth remained positive, with 162 stocks advancing compared to 155 declining. Total trading liquidity on the HoSE reached approximately VNĐ16.3 trillion (US$639.2 million), with nearly 770 million shares traded.

The VN30-Index, which tracks the 30 largest companies by market capitalization on the HoSE, also saw gains, rising 4.81 points, or 0.36%, to 1,349.45. Within the VN30 basket, 18 stocks experienced increases, seven decreased, and five remained unchanged.

Large-cap stocks were the primary drivers of the market’s positive performance. Vinhomes JSC (VHM) led the charge with a significant 3.71% increase, contributing almost 1.5 points to the VN-Index’s overall rise. Other notable gainers included Vietnam Technological and Commercial Joint Stock Bank (TCB), up 1.72%, and Vietnam Rubber Group - Joint Stock Company (GVR), which rose by 2.21%. Vingroup Joint Stock Company (VIC) and Vietnam Joint Stock Commercial Bank For Industry and Trade (CTG) also contributed with gains of 1.36% and 0.86%, respectively.

However, losses in some blue-chip stocks partially offset the market’s gains. FPT Corporation (FPT) fell 0.69%, Vietnam Airlines JSC (HVN) declined 2.07%, and Fortune Vietnam Joint Stock Commercial Bank (LPB) dropped 1.09%.

Analysts at Việt Dragon Securities commented, “While the market continued its upward trend, it showed some fluctuations, forming a Star pattern. The lower liquidity compared to the previous session suggests that although capital inflows are still supporting the market, investors are becoming more cautious as prices rise rapidly.”

The analysts further noted, “Short-term profit-taking pressure may continue in the upcoming session, potentially leading to a period of consolidation. However, the market is expected to find support during pullbacks, with further upside potential towards the 1,300-point zone. Investors may consider taking short-term profits on stocks nearing resistance levels. However, short-term opportunities can still be explored in stocks demonstrating strong momentum from key support zones.”

On the Hà Nội Stock Exchange (HNX), the HNX-Index saw a slight increase of 0.1%, closing at 238.02 points. Trading value on the HNX exceeded VNĐ1.4 trillion, with over 83 million shares traded.

Foreign investors resumed net selling activity on the HoSE, offloading shares worth over VNĐ390 billion.

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