Tuesday , February 7 2023

Two-thirds of blue chips close in green

Vietnam’s benchmark VN-Index rose 0.91% to 1050.53 points Thursday with 20 out of 30 blue chips in the green.

The index closed 9.51 points higher after losing 7.67 points on Wednesday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 10.02% to VND15.45 trillion ($649 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 20 tickers gain.

STB of Ho Chi Minh City-based lender Sacombank led with a 6.9% rise, followed by SSI of leading brokerage SSI Securities Corporation and TCB of the largest private lender Techcombank, both went up 6.8%.

Other gainers included PDR of Phat Dat Real Estate Development, up 5.1% and GVR of Vietnam Rubber Group, up 5%.

Nine blue chips fell, with NVL of property developer Novaland Group hitting floor price with a 6.8% drop.

MSN of conglomerate Masan Group lost 4%, and VRE of retail real estate arm Vincom Retail went down 2.5%.

Foreign investors were net buyers to the tune of VND580.29 billion, mainly buying VIC of biggest private conglomerate Vingroup and STB of Ho Chi Minh City-based lender Sacombank.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 2.59% while the UPCoM-Index at the Unlisted Public Companies Market was up by 1.66%.

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