Monday , August 8 2022

Last-minute purchase pushes VN-Index up

Vietnam’s benchmark VN-Index rose 0.11 percent to 1,198.90 points Friday thanks to last-minute purchase demand.

The index closed one point higher after losing over 20 points Thursday. It gained over 13 points this week.

Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 0.81 percent to VND11.42 trillion ($490.49 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 18 tickers gain, led by SSI of leading brokerage SSI Securities Corporation with a 4.8 percent rise.

It was followed by three banks: BID of state-owned lender BIDV gained 4.6 percent, CTG of state-owned lender VietinBank rose 3.1 percent and STB of Ho Chi Minh City-based lender Sacombank went up 2.3 percent.

10 blue chips fell, with GAS of state-owned Petrovietnam Gas and MSN of conglomerate Masan Group both losing 2.2 percent.

Foreign investors were net sellers to the tune of VND191 billion, mainly selling VPB of private lender VPBank and VCB of state-owned lender Vietcombank.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 0.43 percent while the UPCoM-Index at the Unlisted Public Companies Market was down 0.45 percent.

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