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An investor looks at stock prices on a smartphone at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran

The VN-Index benchmark closed higher for a fifth week in a row on increased trading activity and gains in leading stocks like FPT and VietinBank.

Strong trading activity and positive investor sentiment pushed Vietnam's key stock market index higher for the fifth consecutive week. Major stocks like FPT and VietinBank posted gains.

The VN-Index Rises for a Fifth Straight Week

The Vietnamese stock market continued its upward momentum this past week, as the benchmark VN-Index rose for the fifth week in a row. Gaining 0.25% on Friday, the index closed at 1,283.04 points, marking an entire trading week without a single losing session.

VN-Index Weekly Performance

• The VN-Index gained 3.15 points on Friday to extend its winning streak to five straight weeks
• The index has now closed higher for four consecutive trading sessions
• Over the past week, the VN-Index gained over 3 points or 0.25%
• Continued bullish sentiment has pushed the VN-Index to year-to-date gains

The positive performance shows investor confidence in the Vietnamese market remains strong. Several factors likely contributed to the consistent weekly rises:

• Increased trading activity - Trading volume on the Ho Chi Minh Stock Exchange jumped 14% on Friday to 15.998 trillion VND
• Foreign investment - Overseas investors continue putting money into Vietnamese stocks
• Strong corporate earnings- Leading companies like FPT and Vinamilk reported positive Q1 results

Notable Stocks That Gained

Several large stocks were up on Friday, supporting the broader VN-Index increase:

• FPT Corporation (FPT) rose 2.1%
• VietinBank (CTG) gained 1.2%
• Vinamilk (VNM) closed 1.2% higher

FPT continues performing well thanks to its leading position in Vietnam's growing IT industry. VietinBank and Vinamilk likely rose based on positive investor sentiment from their recent earnings reports.

Largest Capped Stocks - VN30 Basket

The VN30 basket of Vietnam's 30 biggest stocks saw over half its members increase on Friday. Out of the entire VN30 list:

• 15 stocks rose
• 8 stocks fell
• 7 stocks remained unchanged

The majority gain in the heavily weighted VN30 index is an encouraging sign for the overall market. The large basket of stocks has an outsized impact on the VN-Index due to its composition of Vietnam's largest listed companies.

Final Thoughts

In the end, Vietnam's benchmark continued rising to cap an impressive five-week run without a single declining session. Trading activity and foreign investment both increased as well.

For those looking to invest in the Vietnamese stock market, now could be an opportune time to buy shares while sentiment remains positive. However, risks always remain in emerging equity markets. Let the consistent bull run be an encouraging sign, but approach stock investments judiciously.

Let us know your thoughts in the comments! Be sure to share if you find this overview of the rising Vietnamese market helpful. Check back for more updates in the future!