Wednesday , May 29 2024

VN-Index reaches 10-week high

Vietnam’s benchmark VN-Index rose 0.62% to 1,128.93 points Thursday, highest since Oct. 16.

The index closed 6.94 points higher after dropping 0.26 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange decreased by 20% to VND15.50 trillion ($639 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 25 tickers gained.

SSB of SeABank led with a 4.4% rise, followed by VHM of property giant Vinhomes, up 4.3%.

VIC of private conglomerate Vingroup rose 2.3% and TCB of the largest private lender Techcombank closed 2.1% higher.

Four blue chips fell. BID of state-owned lender BIDV dropped 0.7% and GAS of state-owned Petrovietnam Gas fell 0.4%.

Foreign investors were net buyers to the tune of VND442 billion, mainly buying VHC of seafood producer Vinh Hoan Corporation and HCM of Ho Chi MInh City Securities Corp.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.33%, while the UPCoM-Index for the Unlisted Public Companies Market went up 0.59%.

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