Friday , September 29 2023

VN-Index posts three-week high gain

Vietnam’s benchmark VN-Index rose 1.87 percent to 1,236.63 points Thursday, the biggest gain in three weeks.

The index stayed in the green for the session. It closed 22.7 points higher, after losing over 16 points Wednesday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 10.43 percent to VND14.75 trillion.

The VN-30 basket, comprising the 30 largest capped stocks, saw 27 tickers surge, led by MWG of electronics retailer Mobile World with a 6.9 percent gain.

It was followed by POW of Petrovietnam Power and HPG of steelmaker Hoa Phat, rising 6.2 and 5.4 percent, respectively.

Other winners included VNM of dairy giant Vinamilk, up 5.4 percent, and MSN of conglomerate Masan Group, up 4.4 percent.

Two blue chips bucked the trend, with SSI of leading brokerage SSI Securities losing 2.2 percent and VIC of the biggest conglomerate Vingroup falling 0.1 percent.

Foreign investors were net buyers to the tune of VND695.46 billion, focusing on HPG, STB of lender Sacombank, and SSI.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 1.60 percent while the UPCoM-Index at the Unlisted Public Companies Market was up by 0.68 percent.

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