Monday , June 17 2024

VN-Index returns to 9-week high

Vietnam’s benchmark VN-Index rose 1.12% to 1185.9 points Friday, highest since Sep. 23 after a slight decline this week.

The index closed 13.09 points higher after losing 0.17 points on Thursday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 23.47% to VND20.25 trillion ($855.96 million).

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

MWG of electronics retail chain Mobile World and PDR of Phat Dat Real Estate Development both led with a 6.9% rise.

MSN of conglomerate Masan Group went up 4.4% and STB of Ho Chi Minh City-based lender Sacombank closed 3.2% higher.

Four blue chips fell. BCM of Becamex Investment and Industrial Development dropped 0.9% and POW of electricity producer Petrovietnam Power Corporation fell 0.4%.

Foreign investors were net buyers to the tune of VND119.67 billion, mainly buying VCB of state-owned lender Vietcombank and VNM of dairy giant Vinamilk.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 0.82% while the UPCoM-Index at the Unlisted Public Companies Market was up by 0.57%.

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