Blue-chip stocks lead as VN-Index returns to 1,880 points

Blue-chip stocks lead as VN-Index returns to 1,880 points. The heavyweight group, especially VIC, continued to act as a support, helping the market start the new year positively. After the extended Lunar New Year holiday, the Vietnamese stock market resumed trading in the week of 23-27 February with positive momentum. The VN-Index rose a total of 56.24 points, or 3.08%, closing the week at 1,880.33 points. The HNX-Index also gained 5.76 points, or 2.24%, to 262.82 points. Liquidity improved notably compared with the pre-holiday period. On HOSE, average trading volume reached nearly 947 million shares per session, up more than 21% from the previous week. On the HNX, liquidity rose by nearly 37%, with average volume around 75 million shares per session. The revival of money in the market helped the large-cap group take the lead. VIC remains the main pillar of the VN-Index. The week’s brightest star was VIC, contributing more than 21 points to the VN-Index. The stock rose in 4 of 5 sessions, posting a price gain of 7.5%, solidifying its role as a key pillar. Following VIC were several large-cap stocks across diverse sectors: BSR contributed nearly 7.5 points; GAS, GVR, and HPG added about 3.3-3.5 points each. In the banking group, influence declined notably. Only BID, STB, and TCB appeared among the top 10 positive movers, with contributions of 1.2-1.6 points each. On the downside, the stocks pulling the index down did not exert strong pressure. MCH was the most negative name, taking away more than 2.1 points. FPT fell by more than 1.1 points. Stocks from the Vingroup ecosystem, such as VHM and VPL, also fell by more than 0.7 points, while VRE declined by over 0.3 points. The two banks among the negative group were CTG and HDB, with declines of 0.6 and 0.3 points respectively. VN30 showed dispersion, but green still dominated with 21 of 30 stocks higher. VIC and HPG led with contributions of nearly 16.6 and 13.3 points respectively. VJC rose over 3.2 points, while STB contributed nearly 3.9 points. Conversely, FPT was the biggest laggard in the basket, with a decline of nearly 6.2 points, far exceeding VNM’s drop of over 1.4 points and VRE’s drop of over 0.9 points. On the negative side, the HNX remained in an uptrend thanks to leadership from the gainers; KSF contributed about 2.2 points, KSV about 1.5 points, and PVS around 0.9 points. The declines were modest, with CTY down around 0.2 points and HUT down around 0.1 points. Tùng Phong FILI