Friday , May 24 2024

VN-Index nears two-month high

Vietnam’s benchmark VN-Index rose 0.17% to 1,258.85 points Tuesday, the highest since June 13.

The index closed 2.1 points up after gaining 4.01 points Monday.

Trading on the Ho Chi Minh Stock Exchange rose marginally to VND15.97 trillion ($682.8 million), marking the ninth straight session above the VND15-trillion threshold.

The VN-30 basket, comprising the 30 largest capped stocks, saw 16 tickers gain.

HPG of steelmaker Hoa Phat rose 2.1% to a two-month high.

NVL of property developer Novaland gained 1.8% to the highest since April 14. It have risen 13% in nine recent sessions.

Other gainers were VIC of Vietnam’s biggest conglomerate Vingroup, up 1.1% and VJC of budget carrier Vietjet, up 1%.

Thirteen tickers fell, led by VCB of Vietcombank with a 1.5% loss.

It was followed by VHM of property developer Vinhomes, down 1%, and PLX of fuel distributor Petrolimex, down 0.8%.

Foreign investors net sold for the third straight session to the tune of VND70.27 billion. They mainly sold HPG, VNM of diary giant Vinamilk, and VHM.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, increased 0.03% while the UPCoM-Index at the Unlisted Public Companies Market was up by 0.58%.

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