Saturday , March 2 2024

VN-Index bounces back

Vietnam’s benchmark VN-Index bounces back Tuesday afternoon after plunging in the morning with a 1.29 percent gain to 1,328.24 points as investors seek opportunities in dipping blue chips.

The index rose was rising over 21 points at 2:28 p.m., after declining by 25 points at some time in the morning to hit a near nine-month low.

The VN30 basket, comprising the 30 largest capped stocks, was seeing 27 tickers in the green, led by MSN of conglomerate Masan Group with a 6.9 percent rise.

It was followed by SAB of brewer Sabeco, VPB of private lender VPBank, and VPB of private lender VPBank, rising by 6.7 percent, 6.3 percent and 6 percent respectively.

Other gainers included MBB of lender MB, up 4.3 percent, and VHM of real estate giant Vinhomes, up 3.7 percent.

Two blue chips were losing, with GAS of state-owned Petrovietnam Gas and FPT of IT giant FPT Corporation falling by less than 0.5 percent.

Foreign investors were net buyers to the tune of VND937 billion, mainly buying VNM of dairy giant Vinamilk and DGC of Duc Giang Chemicals Group.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 1.77 percent while the UPCoM-Index for the Unlisted Public Companies Market gained 1.21 percent.

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