Sunday , April 21 2024

Stock trading surges to near 3-month high

Vietnam’s benchmark VN-Index rose 2.63% to 1032.16 points Tuesday, with stock trading surging to the highest since September 7.

The index closed 26.47 points higher after gaining 34.23 points on Monday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 14% to VND18.25 trillion ($738.12 million)

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

KDH of real estate firm Khang Dien House surged 6.9%, followed by NVL of real estate developer Novaland Group, up 6.8% and VIC of biggest private conglomerate Vingroup, 6.8%.

PDR of Phat Dat Real Estate Development went up 6.7%, and MWG of electronics retail chain Mobile World rose 6.6%.

Four blue chips fell. SAB of brewer Sabeco lost 0.6%, and VIB of Vietnam International Commercial Bank fell 0.5%.

Foreign investors were net buyers to the tune of VND2.633,49 billion.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 2.04 percent while the UPCoM-Index at the Unlisted Public Companies Market was up by 0.50 percent.

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