Vietnam’s Stock Market Sees a Sea of Green: US Presidential Election Sparks Investor Optimism

In today’s trading session, November 6, green color flooded the stocks of securities, insurance, real estate, chemicals, construction and materials…

In particular, the VN30 basket has up to 29 codes increasing in price and only 1 code standing at reference. Strong gainers include GVR up 5.14%, CTG and BCM up 2.43%, TPB up 2.42%, POW up 2.16%. All three Vingroup stocks, VIC, VHM, and VRE, increased by more than 1%.

Closing the trading session on November 6, VN-Index increased 15.52 points to 1,261.28 points

The red color also no longer appeared in the banking sector stocks. Notably, up to 25 banking stocks increased in price. Oil and gas stocks also have no codes on the downside. The codes BSR, OIL, PLX, POS, PVB, PVC, PVD, PVS, TOS are all on the upside.

Closing the trading session on November 6, VN-Index increased 15.52 points to 1,261.28 points; HNX increased 2.9 points to 227.76 points; UPCOM-Index increased 0.81 points to 92.71 points. Market liquidity reached more than 15,751 billion VND, a sharp increase compared to yesterday.

Regarding foreign transactions, this sector continued to net sell more than 374 billion VND on HOSE, focusing on the codes VHM (144.45 billion VND), MSN (131.17 billion VND), SSI (66.23 billion VND). and DBC (44.51 billion VND). On the HNX, foreign investors net sold more than 74 billion VND, focusing on IDC (68.21 billion VND), PVS (13.36 billion VND) and MBS (2.23 billion VND).

At noon on November 6 Vietnam time, the results of the 2024 presidential election in the US were finalized with Republican candidate Donald Trump winning convincingly.

Analysts recognize that the election results could lead to major changes in policy and have a profound impact on the economy, not only in the US but also globally. Therefore, the election results in the US will have a certain impact on the world stock market; including the Vietnamese stock market.