Friday , November 22 2024

VN-Index ends three-session losing streak on last-hour gain


Vietnam’s benchmark VN-Index rose 0.82% to 1,270.81 points Tuesday thanks to strong buying pressure in the last trading hour.

The index closed 10.38 points higher after losing 8.75 points on Monday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 5.27% to VND14.06 trillion ($599.9 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 22 tickers gain.

PLX of fuel distributor Petrolimex rose 3.9%, with trading value hitting a 24-week high.

VNM of dairy giant Vinamilk gained 2.85 percent to its two-month high.

Other gainers included SSI of leading brokerage SSI Securities, up 2.83%, BID of state-owned lender BIDV, up 2.7%, and GAS of Petrovietnam Gas, up 1.8%.

Six blue chips bucked the trend, with SAB of brewer Sabeco losing 2.1%.

VIC of Vietnam’s biggest conglomerate Vingroup fell 1.5%, and VRE of its mall operator branch Vincom Retail dropped 0.7%.

Foreign investors net sold for the third straight session to the tune of VND75.02 billion.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, rose 1.5% while the UPCoM-Index at the Unlisted Public Companies Market increased by 0.6% percent.

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