VN-Index (VNI) reached 16-month high, but the joy did not last long. The VNI surged 1.68% on the first day of the month (its largest single day gain since March 12, 2019) as it breached the psychological threshold of 1,000 points. This large daily increase was thanks to VHM and VRE’s announcement to buy treasury shares (VHM 60 million and VRE 56.5 million), which triggered these stocks to rally. VHM, VRE and other blue-chip stocks drove the VNI to a 16-month high of 1024.91 points on November 6.