Monday , January 30 2023

VN-Index hits six-week high

Vietnam’s benchmark VN-Index rose 0.4 percent to 1,510.84 points, highest in nearly six weeks, with trading value hitting five-session high.

The index stayed in the green most of the day and closed six points higher. This was its third session in a row above 1,500 points.

Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, rose 6.3 percent to VND23.42 trillion ($1.03 billion).

The VN30 basket, comprising the 30 largest capped stocks, saw 15 tickers in the green, led by GVR of Vietnam Rubber Group with a 3 percent gain to the highest in five weeks.

SSI of leading brokerage SSI Securities Corporation rose 1.8 percent, and VIC of biggest private conglomerate Vingroup gained 1.7 percent.

Other gainers included ACB of Asia Commercial Bank, up 1.6 percent, VRE of retail real estate arm Vincom Retail, up 1.5 percent, and FPT of IT giant FPT Corporation, up 1.4 percent.

Eleven blue chip tickers fell, with VJC of budget airline Vietjet falling 2 percent, and MSN of conglomerate Masan Group losing 1.8 percent.

Foreign investors were net buyers for the third straight session to the tune of VND175 billion.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 1.24 percent while the UPCoM-Index for the Unlisted Public Companies Market gained 0.84 percent.

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