Wednesday , June 7 2023

VN-Index surges to 2-week high

Vietnam’s benchmark VN-Index rose 2.58% to 1,086.69 points Monday, highest since Feb. 6, led by property and banking stocks.

The index closed 27.38 points higher after gaining 1.02 points on Friday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 52.16% to VND11.70 trillion ($493.36 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 29 tickers gain.

NVL of property developer Novaland Group and PDR of Phat Dat Real Estate Development led with a ceiling rise of nearly 7%.

SSI of leading brokerage SSI Securities Corporation went up 6.7% and VPB of private lender VPBank rose 5.8%.

STB of Ho Chi Minh City-based lender Sacombank gained 5.3%.

No blue chip closed in the red.

Foreign investors were net sellers to the tune of VND90.62 billion, mainly selling SSI and HSG of steelmaker Hoa Sen Group.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 2.80% while the UPCoM-Index at the Unlisted Public Companies Market was down by 0.14%.

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