Vietnam’s stock market saw a strong rally in the second week of October, with gains reported in four out of five trading sessions. The VN-Index soared to the 1,270-point mark before getting back to the resistance area of 1,290-1,300 points, backed by the performance of blue-chip stocks. However, market conditions became volatile again as investors sought to lock in short-term profits. On October 11, the final trading day of the week, the VN-Index closed at 1,288 points, up by 17.8 points (or 1.4%) compared to the previous week. Notably, market liquidity dropped, with the average trading value across all the three exchanges totaling just over VND14.75 trillion per session. Large-cap stocks played a crucial role in driving the VN-Index’s growth during the week, with FPT and MSN standing out as key contributors. FPT experienced a sudden surge after a period of consolidation, advancing by nearly 4% on October 10 to above VND140,000 per share. This marked the highest adjusted market price in FPT’s 18-year history on the stock exchange. Since early 2024, FPT has set 35 new record highs, increasing its market value by nearly 70%. The company’s market capitalization has now shot up to an all-time high of VND205 […]
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