Sunday , May 26 2024

Stock trading value hits four-session high

Vietnam’s benchmark VN-Index dropped 0.21 percent to 1504.84 points Friday with trading value highest in four sessions.

The index stayed in the red throughout the day and closed three points lower. It ended a week of strong fluctuations withs a three-point gain.

Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, rose 13 percent to VND22.03 trillion ($964 million), highest in four sessions.

The VN30 basket, comprising the 30 largest capped stocks, saw 25 tickers in the red, led by BID of state-owned lender BIDV with a 2.8 percent drop.

VRE of retail real estate arm Vincom Retail fell 2.5 percent after three gaining sessions.

MBB of lender MB lost 1.7 percent, continued to go sideways after the 5.7-percent drop on Monday.

Other losers included KDH of real estate firm Khang Dien House and STB of Ho Chi Minh City-based lender Sacombank, both down 1.6 percent.

Five tickers closed in the green, with VJC of budget airline Vietjet rising 5.2 percent to the highest in two years as Vietnam resumed international flights.

HPG of steelmaker Hoa Phat Group rose 1.2 percent, and BVH of insurance company Bao Viet Holdings went up 0.7 percent.

Foreign investors were net buyers to the tune of VND100 billion with focus on KBC of industrial real estate developer Kinh Bac City and MSN of conglomerate Masan Group.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 1.25 percent while the UPCoM-Index for the Unlisted Public Companies Market gained 0.27 percent.

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