Monday , December 11 2023

VN-Index returns to 1,500 points

Vietnam’s benchmark VN-Index rose 0.22 percent to 1,500.99 points Tuesday in its third session in the green, exceeding the psychological threshold for the first time in nearly four weeks.

The index went sideways most of the day and closed three points higher. It has gained 30 points in the last three sessions.

Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, rose nearly 25 percent to VN22.56 trillion ($993 million), highest in four sessions.

The VN30 basket, comprising the 30 largest capped stocks, saw 15 tickesr in the green, led by HPG of steelmaker Hoa Phat Group with a 5.8 percent gain in its third straight rising session.

ACB of Asia Commercial Bank rose 3 percent to the highest in nearly six months, and VPB of private lender VPBank gained 2.8 percent to a two-month high.

GVR of Vietnam Rubber Group closed 2.5 percent higher, and TCB of the largest private lender Techcombank inched up 1.9 percent.

Thirteen blue chip stocks ended in the red, with VIC of biggest private conglomerate Vingroup falling 4.3 percent to a four-month low.

PDR of Phat Dat Real Estate Development dropped 2.2 percent and PNJ of Phu Nhuan Jewelry fell 2.1 percent.

Foreign investors ended five net-buying session with a net sale of VND348 billion, focusing on VIC and VNM of dairy giant Vinamilk.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 0.34 percent while the UPCoM-Index for the Unlisted Public Companies Market gained 0.7 percent.

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