Wednesday , May 22 2024

VN-Index gains slightly with dipping trade

Vietnam’s benchmark VN-Index rose 0.06% to 1027.94 points Monday, but trade plunged by double-digit.

The index closed 0.58 points higher after losing 0.65 points on Friday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 14.42% to VND11.42 trillion ($459.51 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 13 tickers gained.

VRE of retail real estate arm Vincom Retail rose 3.8%.

VCB of state-owned lender Vietcombank gained 2.7%, and SSI of leading brokerage SSI Securities Corporation went up 2.5%.

Other gainers included CTG of state-owned lender VietinBank, BID of state-owned lender BIDV and GAS of state-owned Petrovietnam Gas.

Thirteen blue chips fell, with HPG of steelmaker Hoa Phat Group plunging 6.8% to floor price.

NVL of real estate developer Novaland Group dropped 3.4%, while MWG of electronics retail chain Mobile World fell 3%.

Foreign investors were net buyers to the tune of VND230.10 billion, mainly buying KDH of real estate firm Khang Dien House and MSN of conglomerate Masan Group.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was down 1.54% while the UPCoM-Index at the Unlisted Public Companies Market was up by 0.26%.

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