Friday , September 29 2023

VN-Index sees 3rd session in green

Vietnam’s benchmark VN-Index rose 1.04 percent to 1,467.98 points Thursday, its third session in the green, but trading value continued to fall.

The index started off in the red and slowly climbed up throughout the day before closing with a 15-point increase thanks to last-minute hoarding.

Trading value fell nearly 10 percent to VND19.52 trillion ($849.43 million). This is its third drop in a row. The VN30 basket, comprising the 30 largest capped stocks, saw 26 tickers in the green, led by KDH of real estate firm Khang Dien House with a 5 percent increase.

The third-gaining session in a row brought the ticker to a three-week high.

SSI of leading brokerage SSI Securities Corporation hit a week-high with a 3.9 percent rise.

PNJ of Phu Nhuan Jewelry closed 2.6 percent higher in its third session in the green.

CTG of state-owned lender VietinBank also continued its recovery with a 2.3 percent gain. It has risen 5 percent in the last three sessions.

Other gainers included POW of electricity producer Petrovietnam Power Corporation, up 2.3 percent, and MSN of conglomerate Masan Group, up 1.9 percent.

Three blue chip tickers ended in the red, with VPB of private lender VPBank falling 0.4 percent, and SAB of brewer Sabeco losing 0.3 percent.

Foreign investors were net buyers to the tune of VND349 billion. They have been net buyers in three of the last four session.

Their main focus in this session were VIC of biggest private conglomerate Vingroup and VHM of real estate giant Vinhomes.

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