HÀ NỘI — The stock market recorded a modest gain on Wednesday, with the VN-Index reclaiming the 1,250-point level despite a continued decline in liquidity and persistent net selling by foreign investors across both exchanges.

On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index rose by 4.07 points, or 0.33 per cent, to close at 1,251.02 points. Market breadth leaned positive, with 199 advancing stocks outnumbering 106 decliners. Trading liquidity continued to decline, reaching approximately VNĐ10.2 trillion (US$401.6 million), with nearly 446 million shares traded.

The VN30-Index, which tracks the 30 largest-cap stocks on the HoSE, also posted a slight gain of 1.35 points, or 0.1 per cent, to settle at 1,316.63 points. Within the VN30 basket, 17 stocks advanced, six declined and seven remained unchanged.

Leading the market rise were banking stocks. The Vietnam Technological and Commercial Joint Stock Bank (TCB) rose by 1.27 per cent, adding approximately 0.52 points to the VN-Index. The Vietnam Joint Stock Commercial Bank for Industry and Trade (CTG) followed with a 0.93 per cent gain, while the Mobile World Investment Corporation (MWG) climbed by 1.75 per cent. Additionally, Vietnam Rubber Group - Joint Stock Company (GVR) and Masan Group Corporation (MSN) recorded gains of 1.24 per cent and 1.35 per cent, respectively.

However, several large-cap stocks constrained the market's upward momentum. Ho Chi Minh City Development Joint Stock Commercial Bank (HDB) fell by 3.92 per cent, FPT Corporation (FPT) dropped by 1.2 per cent and the Viettel Post Joint Stock Corporation (VTP) plummeted by 5.92 per cent.

Analysts from Việt Dragon Securities observed: “The market rebounded and surpassed the 1,250-point level with a rising gap, but momentum paused just below the 1,255-point resistance. Liquidity declined compared to the previous session, indicating limited selling pressure but also a cautious stance among investors, limiting cash inflows.

“Although the market faces resistance at the 1,255-point level, current recovery signals suggest potential upward momentum in the coming sessions. The market is expected to find support around the 1,250-point region and could make further attempts to break above the 1,255-point resistance. If successful, market dynamics are likely to become more active.

“Investors can anticipate further recovery opportunities while closely monitoring supply and demand dynamics. Short-term opportunities exist in stocks demonstrating positive performance at support levels. However, investors should remain cautious and consider profit-taking strategies for stocks that have reached resistance zones or rebalance their portfolios accordingly.”

On the Hà Nội Stock Exchange (HNX), the HNX-Index rose by 0.4 per cent to close at 221.87 points, with a trading value of over VNĐ615 billion and more than 37.7 million shares changing hands.

Foreign investors remained net sellers, selling shares worth over VNĐ445.8 billion on the HoSE and more than VNĐ30 billion on the HNX. — VNS