(VOVWORLD) - Vietnam’s stock market made an impressive recovery on Thursday, with the VN-Index surging 74 points following US President Donald Trump’s announcement of a 90-day pause in US tariff measures.
 A Vietcombank transaction office in Hanoi. (Photo: VNA/VNS) |
The HCM Stock Exchange (HoSE) witnessed a wave of buying pressure, pushing the VN-Index up 74.04 points, or 6.77%, to close at 1,168.
This was the strongest increase ever, ending 4 consecutive sessions of deep decline.
The HoSE witnessed a significant surge with 534 stocks rising, including a notable 380 reaching their daily upper limit, far surpassing market expectations. Only 7 stocks declined, with just 1 hitting the floor.
This was an exceptionally rare trading session where almost the entire market increased to the highest level.
Foreign investors continued to sell net on the HOSE, focusing on stocks like KBC, TLG, CTG, VNM, and SSI. The stocks that saw net buying included ACB, VIC, TCB, MBB, and VRE.
Large-cap stocks such as VCB, BID, VIC, VHM, CTG, and TCB all surged to their upper limits, pushing the index to its highest level in several weeks.