Monday , December 11 2023

VN-Index breaks losing streak

Vietnam’s benchmark VN-Index rose 0.92% to 1048.2 points Wednesday, ending a four-session losing streak.

The index closed 9.56 points higher after losing 5.06 points on Tuesday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 46.71% to VND9.86 trillion ($417.31 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 25 tickers gain.

VPB of private lender VPBank led with a 3% rise, followed by ACB of Asia Commercial Bank, up 2.9%.

PDR of Phat Dat Real Estate Development went up 2.8% and GVR of Vietnam Rubber Group rose 2.5%.

Four blue chips dropped, with NVL of property developer Novaland Group plunging 6.7%.

STB of Ho Chi Minh City-based lender Sacombank fell 4.3% and VHM of property giant Vinhomes was down 0.6%.

Foreign investors were net sellers to the tune of VND329.59 billion, mainly selling STB and NVL.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 1.52% while the UPCoM-Index at the Unlisted Public Companies Market was up by 1.96%.

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