An ACB transaction office in Hà Nội. The bank's shares rose on Friday, contributing to a positive weekly close for the VN-Index. — Photo courtesy of ACB

HÀ NỘI — The stock market closed the first trading week of February with gains on Friday, as the VN-Index surpassed the 1,275-point threshold. Liquidity improved compared to the previous session, while foreign investors continued their strong net selling.

On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index gained 3.72 points, or 0.29 per cent, to close at 1,275.2 points. Market breadth remained positive, with 168 gainers outnumbering 154 decliners. Trading liquidity slightly increased to approximately VNĐ14.7 trillion (US$582.3 million), with nearly 620 million shares traded.

The VN30-Index, which tracks the 30 largest stocks by market capitalisation on the HoSE, also rose by 4.21 points, or 0.31 per cent, to end at 1,340.8 points. Within the VN30 basket, 17 stocks advanced, 11 declined and two remained unchanged.

Banking stocks played a key role in the market’s recovery. Vietnam Joint Stock Commercial Bank for Industry and Trade (CTG) surged by 3.29 per cent, contributing more than 1.7 points to the VN-Index.

The Bank for Investment and Development of Vietnam (BID) also gained 1.76 per cent, while Vietnam Technological and Commercial Joint Stock Bank (TCB) advanced by 2.18 per cent. The Military Commercial Joint Stock Bank (MBB) and the Asia Commercial Joint Stock Bank (ACB) posted gains of 0.66 per cent and 0.78 per cent, respectively.

On the downside, Hoa Phat Group Joint Stock Company (HPG) fell by 0.56 per cent, Investment and Industrial Development Corporation (BCM) declined by 1.13 per cent, and Vietnam Prosperity Joint Stock Commercial Bank (VPB) dropped by 0.52 per cent, slightly limiting the market’s overall gains.

Analysts at Việt Dragon Securities said: “The market made an effort to break through the 1,272-point resistance zone and extended its recovery. Liquidity declined compared to the previous session, indicating that supply pressure remains moderate. Despite the lower liquidity, the market’s upward momentum has been well sustained.

With recent supportive signals, the market is likely to continue its upward trend and target the 1,280–1,300-point range in the near term. This is a critical zone, and supply-demand dynamics at these levels could influence the market’s next direction.

“Investors may anticipate a further expansion of the recovery but should closely monitor supply-demand movements to assess the market’s stability. Short-term traders can consider taking profits on stocks that have reached resistance levels, while also exploring potential opportunities in stocks showing strong rebounds from support levels.”

On the Hà Nội Stock Exchange (HNX), the HNX-Index edged up by 0.16 per cent to close at 229.49 points, with trading value exceeding VNĐ962 billion and over 64 million shares traded.

Foreign investors continued their net selling trend, offloading shares worth more than VNĐ1 trillion on the HoSE. — VNS