The Vietnamese stock market has seen a significant rally, with the VN-Index closing at 1,274.04 points on December 26, 2024, marking an increase of 13.68 points or 1.09%. This surge was primarily driven by blue-chip stocks, with the VN30-Index rising by 19.21 points, or 1.45%, to reach 1,342.48 points. Notably, all 30 stocks in the VN30 basket recorded gains, with VietinBank (CTG) leading the charge with a 5.52% increase, contributing over 2.7 points to the VN-Index [ae04635].
Trading liquidity was robust, reaching approximately VNĐ18.8 trillion (US$738.3 million) with 810.4 million shares exchanged. Foreign investors also returned as net buyers, acquiring shares worth over VNĐ254 billion. Analysts observed that the market rebounded after testing the 1,260-point support level, with potential resistance anticipated between 1,280 and 1,300 points [ae04635].
This recent performance follows a period of decline, where the VN-Index had previously closed at 1,242.11 points, reflecting a 1.79% drop over the prior week. Despite these fluctuations, positive economic indicators, including strong GDP growth and increased foreign direct investment, have bolstered investor confidence [156364a7]. The market's overall trend suggests a recovery, with analysts optimistic about reaching higher targets in the near future [156364a7].