A corner of FPT University at the Hòa Lạc Hi-Tech Park in Hà Nội City. FPT shares led the market on the day the VN-Index strongly recovers. — Photo FPT University

Shares rallied on Friday as the recovery of large-cap stocks helped the VN-Index regain 15.32 points after the previous session's decline, while foreign investors ended their four-day net selling streak.

On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index rose by 15.32 points, or 1.27 per cent, to close the trading session at 1,223.64 points.

The market's breadth was positive as the number of gainers surpassed losers by 244 to 67. Liquidity on the southern bourse remained low at VNĐ14.2 trillion (US$563.7 million), equivalent to a trading volume of 586 million shares.

The 30 biggest stocks tracker, the VN30-Index, also recovered strongly, rising by 21.53 points, or 1.73 per cent, to 1,264.84. Twenty-five ticker symbols in the VN30 basket edged up, while four inched down and one stock ended flat.

Data compiled by the financial website vietstock.vn showed that FPT Corporation (FPT) was the biggest gainer on the market and led in terms of capitalisation. Shares of the software manufacturer rose by 4.53 per cent, contributing more than two points to the VN-Index gain.

It was followed by Vietnam Joint Stock Commercial Bank for Industry and Trade (CTG), which rose by 4.3 per cent, Mobile World Investment Corporation (MWG), up by 5.13 per cent, and the Bank for Investment and Development of Vietnam (BID), increasing by 1.52 per cent.

In contrast, some large-cap stocks faced strong sell-offs. Notably, VinGroup-related stocks led the declines. Specifically, Vingroup Joint Stock Company (VIC) and Vinhomes JSC (VHM) dropped by 1.44 and 1.06 per cent, respectively.

Following this was Vietnam Airlines JSC (HVN), whose shares fell for the third consecutive day, dropping by 4.51 per cent. It is noteworthy that the airline's shares have decreased by nearly 45 per cent in the past month.

According to analysts from Viet Dragon Securities, the decline in liquidity compared to the previous session suggests that supply pressure has eased. The move to surpass the 1,220-point resistance could help the market extend its recovery in the near term. However, overall, the supporting cash flow remains cautious as the market rises, with the current momentum driven by reduced supply pressure. The next resistance level to watch is around 1,240 points, which could pose significant supply pressure on the market. Therefore, investors can anticipate the market's recovery potential but should remain cautious and avoid chasing rising prices. It is also advisable to consider taking profits or restructuring portfolios during market recoveries to minimise risk.

The Hà Nội Stock Exchange (HNX) index also finished higher on Friday, rising by 1.17 per cent to 229.38 points.

During the session, more than VNĐ1.1 trillion worth of shares were traded, equivalent to a trading volume of over 56 million shares on the northern market.

Foreign investors ended their four-day net selling streak. Specifically, this bloc net bought VNĐ57 billion on HoSE. — VNS