The Dung Quat Oil Refinery Plant, operated by Binh Son Refinery and Petrochemical, in the central province of Quảng Ngãi. Shares of the company logged the maximum daily gain of 7 per cent on Friday, contributing to the market's gain. — Photo bsr.com.vn

HÀ NỘI — The stock market surged on Friday, fuelled by the simultaneous groundbreaking of several significant national projects, including Gia Bình Airport, the Olympic Sports Urban Area and the Red River Landscape Boulevard Axis.

The VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) rose sharply by 27.33 points, or 1.63 per cent, to 1,704.31 points, reclaiming the 1,700-point threshold after a seven-session struggle.

The market’s breadth was positive, with 162 stocks gaining while 154 ticker symbols declined. This rebound reflects renewed confidence in the market, with trading volume on HoSE reaching VNĐ24.14 trillion (US$917 million), its highest level in two months and a 29 per cent increase from the previous session.

The VN30-Index, which tracks the 30 biggest stocks on HoSE, also finished higher at 1,933.28 points, climbing 29.81 points, or 1.57 per cent. In the VN30 basket, 23 stocks advanced, six declined and one ended flat.

A major contributor to the upward momentum was Vin stocks. Vingroup (VIC) rose 4.06 per cent, while Vinhomes (VHM) hit its ceiling. Vincom Retail (VRE) increased 4.45 per cent and Vinpearl (VPL) led the day with a 5.63 per cent gain. Collectively, these four stocks contributed 15.5 points to the VN-Index’s rise.

On the same day, Vingroup simultaneously broke ground on 11 projects, adding to market optimism. These included the Olympic Sports Urban Area in Hà Nội, a series of megacities in Hạ Long and Cam Ranh, a social housing project in Hưng Yên, the high-speed rail line from Bến Thành to Cần Giờ, a wind power plant and the VinMetal steel manufacturing facility in Vũng Áng.

Surprisingly, BSR shares of Bình Sơn Refining and Petrochemical JSC hit the ceiling price by the end of the session, despite being largely in the red throughout most of the trading day. The stock joined the top five performers, contributing positively to the VN-Index. Over the past week, BSR has made a notable recovery, climbing from VNĐ13,500 per share to VNĐ15,950.

Another focal point this week was Đức Giang Chemicals (DGC). The stock traded a record 36.7 million units, yet it experienced a substantial decline of 6.28 per cent to settle at VNĐ70,200 per share, losing 24.5 per cent over just four sessions.

While sectors such as consumer goods, real estate, energy, finance, pharmaceuticals and insurance saw gains, others, including transportation, telecommunications, utilities, media and entertainment, declined.

Meanwhile, foreign investors remained active, finishing with a net purchase of more than VNĐ530 billion on the two main exchanges, reflecting continued interest in the Vietnamese market. — BIZHUB/VNS