Tuesday , July 16 2024

Stock trading value climbs to three-week high

Vietnam’s benchmark VN-Index rose 0.29 percent to 1,505.38 points Wednesday, its fourth session in the green, with trading value highest in over three weeks.

The index stayed in the green throughout the day and closed four points higher. It has gained nearly 35 points in the last four sessions.

Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, rose 11.9 percent to VND25.34 trillion ($1.12 billion), highest since January 17.

The VN30 basket, comprising the 30 largest capped stocks, saw 16 tickers in the green, led by KDH of real estate firm Khang Dien House with a 5.4 percent gain.

HPG of steelmaker Hoa Phat Group rose to the highest in over a month with a 3.8 percent rise, and VJC of budget airline Vietjet closed its fourth session in the green with a 2.7 percent gain.

Other gainers included BID of state-owned lender BIDV, up 2.2 percent, and PDR of Phat Dat Real Estate Development, up 2 percent.

Fourteen blue chip tickers fell, with GAS of state-owned Petrovietnam Gas falling 3.5 percent and STB of Ho Chi Minh City-based lender Sacombank losing 2.2 percent.

Foreign investors were net buyers to the tune of VND217 billion with focus on VND of brokerage VNDirect and GEX of electrical equipment maker Gelex Group.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 1.51 percent while the UPCoM-Index for the Unlisted Public Companies Market gained 0.43 percent.

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