Customers at a transaction office of LPBank. Shares of the lender logged the maximum daily gain of 7 per cent on Monday, supporting the market's recovery. — Photo courtesy of the bank

HÀ NỘI — Benchmark indices opened the week higher, supported by gains in Vingroup-related shares, several banking stocks and other large-cap names, although selling pressure remained widespread, liquidity fell sharply and foreign investors extended their net selling streak.

On the Hochiminh Stock Exchange (HoSE), the VN-Index ended Monday's session up 15.49 points to 1,753.20 points.

The rise in the VN-Index, however, did not fully reflect the broader market performance. On the southern bourse, 155 stocks declined, compared with 162 gainers. 

Within the VN30 basket, the number of advancing and declining stocks was evenly split at 15 each. The VN30-Index also gained 18.47 points to 1,894.46 points. 

Market liquidity weakened considerably compared with the previous session, falling to over VNĐ13.5 trillion (US$519.2 million).

The benchmark's gain was largely driven by several large-cap stocks. Vingroup (VIC) climbed 3.57 per cent, LPBank (LPB) soared 7 per cent, Hoa Phat Group (HPG) rose 2.24 per cent and Vinhomes (VHM) gained 0.59 per cent. Together, the four stocks contributed more than 16.6 points to the VN-Index.

VIC alone contributed more than 13.3 points to the benchmark's increase, making it the largest positive contributor to the index during the session.

Banking stocks remained highly differentiated, with buying interest concentrated in some names while others came under selling pressure.

Viet Capital Commercial Joint Stock Bank (BVB) rose 2.4 per cent, SeABank (SSB) gained 2.35 per cent, Techcombank (TCB) increased 0.78 per cent and VPBank (VPB) advanced 0.44 per cent.

Meanwhile, KienLongBank (KLB) fell 1.72 per cent and HDBank (HDB) declined 1.41 per cent.

The HNX-Index on the Hanoi Stock Exchange (HNX) also maintained its upward momentum, supported by several individual stocks, with National Citizen Commercial Joint Stock Bank (NVB) providing significant support.

NVB hit its daily gain of 10 per cent, marking its second consecutive session of strong gains for the stock after it advanced 9.49 per cent on October 2. This was its highest level in more than a year.

The move followed the State Bank of Vietnam's approval for NCB to raise its charter capital to a maximum of VNĐ33 trillion through a private placement to professional securities investors.

NCB plans to issue 3.3 billion shares at VNĐ10,000 each. If completed, the issuance would raise the bank’s charter capital to nearly VNĐ62.28 trillion, representing an increase of 112.7 per cent from its current level.

Foreign investor activity remained a factor weighing on the market. Foreign investors posted net selling of VNĐ279.2 billion on HoSE, marking their ninth consecutive session of net selling. — BIZHUB/VNS