VN-Index starts week in green as European stocks gain

The index closed 6.64 points higher after gaining 15.32 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange decreased by 2% to VND14.033 trillion (US$558.5 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 19 tickers gained.

FPT of IT giant FPT Corporation saw the biggest growth of 2.4%, followed by SSI of brokerage SSI Securities with a 2.2% increase and GVR of the Vietnam Rubber Group, up 2.2%.

Eight blue chips fell. VHM of property giant Vinhomes closed 1.9% lower, POW of electricity producer Petrovietnam Power Corporation went down 1.8%, and VIC of private conglomerate Vingroup slid 1.5%.

Foreign investors were net buyers to the tune of VND34 billion, mainly buying FPT of FPT Corporation and HDB of lender HDBank.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.60%, while the UPCoM-Index for the Unlisted Public Companies Market went up 0.21%.

Globally, London stocks inched higher on Monday amid broad gains, after rounding off a turbulent week with declines, while resources-linked stocks and strength in BT Group provided further support, Reuters reported.

The blue-chip FTSE 100 index was up 0.7%, while the mid-cap FTSE 250 index was up 0.3% after ending with a second consecutive week of declines on Friday.

European shares started the week on a positive note on Monday, as investors prepared for U.S. inflation data to gauge the Federal Reserve’s monetary policy path and a deluge of other key data from Europe.

The continent-wide STOXX 600 index was up 0.3%, with all European markets trading in the green.