HÀ NỘI — Vietnamese stock indices rebounded sharply on Wednesday, driven by FTSE Russell’s announcement of an upgrade of the domestic market, sending investor sentiment soaring.The VN-Index on the Ho Chi Minh Stock Exchange (HoSE) climbed more than 12.5 points, closing at 1,697.83 — its highest closing level in the 25-year history of Việt Nam's stock market.Trading opened with optimism, fuelled by the upgrade news, as the VN-Index initially surged 15 points, briefly touching the 1,700 mark. Profit-taking then emerged, pulling the index back to hover around the reference level, with minor declines.On the southern market, over 180 stocks rose while 120 declined, and liquidity surged to more than VNĐ33.2 trillion (US$1.3 billion).The VN30-Index gained 13.3 points, or 0.7 per cent, to 1,922.25 points. In the basket, 19 stocks increased, seven fell and four remained flat.After a mid-session adjustment, many leading stocks regained momentum, closing with gains exceeding 1 per cent from their reference prices. Vietinbank (CTG) and Sacombank (STB) led the banking rally, rising 2.5 per cent and 2.4 per cent, respectively.In the securities sector, SSI Securities Corporation (SSI) climbed 1 per cent with remarkable liquidity of over VNĐ2.22 trillion. The steel sector also recovered, with Hoa Phat Group (HPG) closing up 0.7 per cent.Vin-family stocks showed mixed results: Vinhomes (VHM) and Vincom Retail (VRE) surged more than 3.7 per cent, contributing five points to the VN-Index, while Vingroup (VIC) fell 1.1 per cent, shaving nearly two points off the index.Other major contributors included Vinamilk (VNM), up nearly 3.3 per cent, and Mobile World Investment Corporation (MWG), rising 3.6 per cent.The HNX-Index on the Hà Nội Stock Exchange (HNX) also rose 0.47 points, or 0.17 per cent, to 273.34 points.Foreign investors ended a 15-session net-selling streak, buying VNĐ233.9 billion worth of stocks on the HoSE.Minister of Finance Nguyễn Văn Thắng said the upgrade marks a milestone in the 25-year journey of Việt Nam’s stock market.FTSE’s recognition not only opens up substantial opportunities to attract foreign capital but also underscores the country’s successful development path and growing integration into the global financial system, he added.The Ministry of Finance will direct the State Securities Commission (SSC) and relevant agencies to continue facilitating access for domestic and foreign investors, enhance the legal framework, and promote modernisation and digitisation of infrastructure, aiming to build an increasingly transparent, efficient and internationally standardised stock market. — BIZHUB/VNS (ICE HO CHI MINH CITY)

Fonte notizia: Vietnam News