VN-Index reaches one-month high

The index shot up in the last hour of trading to close nearly 12 points higher. Together with the Friday gain, it has risen almost 32 points, continuing to recover after nearly two weeks going sideways.

Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, fell 13 percent to the lowest in over two weeks at VND22.08 trillion ($968.85 million).

The VN30 basket, comprising the 30 largest capped stocks, saw 23 tickers in the green, led by POW of electricity producer Petrovietnam Power Corporation with a ceiling increase of 7 percent after two sessions in the red.

KDH of real estate firm Khang Dien House rose to a new peak, having risen 22 percent since hitting the bottom this month.

TPB of private TPBank hit another new peak with a 3.8 percent rise.

VIC of biggest private conglomerate Vingroup rose 2.6 percent after the company delivered its first electric cars to Vietnamese customers.

Other gainers included PLX of fuel distributor Petrolimex, up 2.1 percent, and VCB of state-owned lender Vietcombank, up 1.7 percent.

Six tickers ended in the red, with GVR of Vietnam Rubber Group and MSN of conglomerate Masan Group both losing 1.2 percent.

Foreign investors were net buyers to the tune of VND489 billion with focus on CTG of state-owned lender VietinBank and KBC of industrial real estate developer Kinh Bac City.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.85 percent while the UPCoM-Index for the Unlisted Public Companies Market gained 0.15 percent.