Tuesday , July 16 2024

Stocks tiptoe up around four-month peak

Vietnam’s VN-Index rose of 0.25% to 1,161.54 points on Wednesday, hovering around its highest level since September.

The index closed 2.95 points higher after dropping 1.60 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange increased by 13% to VND20.76 trillion ($850.65 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 15 tickers gained.

TPB of private TPBank led with a 4.2% rise, followed by CTG of state-owned lender VietinBank, up 3.3%.

BID of state-owned lender BIDV went up 2.9% and SHB of Saigon Hanoi Commercial Bank closed 2.6% higher.

FPT of IT giant FPT Corporation dropped 2% and HPG of steelmaker Hoa Phat Group closed 1.3% lower.

Foreign investors were net sellers to the tune of VND216 billion, mainly selling DGC of Duc Giang Chemicals Group and PVS of PetroVietnam Technical Services Corporation.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 0.47%, while the UPCoM-Index for the Unlisted Public Companies Market went down 0.66%.

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