HÀ NỘI — Việt Nam’s stock market extended its strong uptrend on Wednesday, with the VN-Index breaking past the 1,570-point mark, supported by blue-chip gains. Liquidity, however, dropped sharply from the previous session, while foreign investors returned to net buying after four consecutive sessions of net selling.

At the close, the VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) jumped 26.56 points, or 1.72 per cent, to 1,573.71 points.

Market breadth was overwhelmingly positive, with 247 stocks advancing while only 78 declined. Trading value dropped 50.2 per cent compared to Tuesday's session, reaching VNĐ38.9 trillion (approximately US$1.5 billion) — the lowest in the last nine trading sessions.

The VN30-Index, which tracks the performance of the 30 largest stocks on the HoSE, surged 32.88 points, or 1.95 per cent, with 28 gainers and only two losers in the basket.

Leading the market rally were banking blue chips, with Techcombank (TCB) and Vietcombank (VCB) posting gains of 3.24 and 1.3 per cent respectively, contributing over 3.5 points to the VN-Index.

Other large-cap stocks that performed well included Vinhomes JSC (VHM), which rose by 1.56 per cent, and Hoa Phat Group Joint Stock Company (HPG), up 2.65 per cent.

On the northern bourse, the HNX-Index also closed on a positive note, climbing 2.54 points, or 0.95 per cent, to 268.66 points. Total trading value on the Hà Nội Stock Exchange reached VNĐ2.8 trillion, with more than 134 million shares exchanged.

Analysts noted that although the market has broken out, potential risks remain. According to BETA Securities, while the VN-Index maintains a positive short-term trend, recent distribution signals could hinder further growth. Although MACD momentum is improving, a convincing break above 1,570 points is still needed to confirm a sustainable breakout.

Tiên Phong Securities (TPS) also warned of a potential double-top formation if the index fails to solidify its gains above 1,570 points. Investors are therefore advised to manage risks carefully and avoid overly aggressive buying during sharp rallies.

Asean Securities (Aseansc) predicted that the VN-Index might continue to experience short-term volatility as investors become more cautious following recent fluctuations. The nearest support level is seen at 1,520 points, while resistance lies between 1,560 and 1,570 points.

For investors, the recommended strategy is to continue focusing on stocks with strong capital inflows and good growth prospects, especially those in the banking, securities, real estate and public investment sectors. These groups are expected to benefit from supportive macroeconomic policies that could drive growth in the second half of the year. — VNS