Monday , October 3 2022

Trading value hits three-week high


Vietnam’s benchmark VN-Index rose 0.22 percent to 1,479.79 points, with trading value surging to a three-week high.

The index moved up to the 1,480 range and stayed there most of the day before closing with a 3-point gain.

Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, surged nearly 28 percent to VND34.36 trillion ($1.49 billion), the highest since Nov. 26.

The VN30 basket, comprising the 30 largest capped stocks, saw 15 tickers in the green, with KDH of real estate firm Khang Dien House rising 4.1 percent to a six-week high.

SSI of leading brokerage SSI Securities Corporation bounced back 3.1 percent after sliding for three sessions in a row.

VHM of real estate giant Vinhomes rose 2.7 percent to a nearly three-week high, with trading volume surging 569 percent from the average of the past 10 sessions.

VRE of retail real estate arm Vincom Retail hit a three-week high with a 2.3 percent rise, having risen 10 percent from the bottom earlier this month.

Other gainers included VIC of biggest private conglomerate Vingroup, up 2 percent, and PNJ of Phu Nhuan Jewelry, up 1.9 percent.

Thirteen tickers fell, with VCB of state-owned lender Vietcombank losing 2.6 percent.

PDR of Phat Dat Real Estate Development fell 2.3 percent after two gaining sessions.

Foreign investors were net sellers for the sixth straight session to the tune of VND703 billion with focus on VPB of private lender VPBank and VCB of state-owned lender Vietcombank.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, lost 0.83 percent while the UPCoM-Index for the Unlisted Public Companies Market fell 0.12 percent.

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