Wednesday , November 29 2023

VN-Index posts 4th session gain

Vietnam’s benchmark VN-Index rose 0.53 percent to 1,469.10 points Friday, its fourth session in the green, as the market gradually recovered from last week’s plunges.

The index stayed in the green throughout the day and closed nearly eight pointds higher. It has gained nearly 23 points in the last four sessions.

Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, rose 13 percent to VND23.23 trillion ($1.02 billion).

The VN30 basket, comprising the 30 largest capped stocks, saw 18 tickers in the green, with FPT of IT giant FPT Corporation rising 3.4 percent to the highest in over a week.

GAS of state-owned Petrovietnam Gas gained 2.7 percent and was the second biggest contributor to VN-Index’s gain this session behind VCB of state-owned lender Vietcombak with a 1.4 percent increase.

Other gainers included VRE of retail real estate arm Vincom Retail, up 2.3 percent, and VJC of budget airline Vietjet, up 2.2 percent.

Ten blue chip tickers fell, with PDR of Phat Dat Real Estate Development and SAB of brewer Sabeco losing each by 1.6 percent.

POW of electricity producer Petrovietnam Power Corporation fell 1.2 percent.

Foreign investors were net sellers to the tune of VND229 billion with focus on MSN of conglomerate Masan Group and VNM of dairy giant Vinamilk.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 1.13 percent while the UPCoM-Index for the Unlisted Public Companies Market fell 0.09 percent.

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