Monday , March 4 2024

VN-Index surges to 3-week high

Vietnam’s benchmark VN-Index rose 3.52% to 1,005.69 points Monday, highest in over three weeks.

The index closed 34.23 points higher after gaining 23.75 points on Friday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 64% to VND15.94 trillion ($642.74 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 23 tickers gain.

Seven blue chips closed at ceiling price, including GAS of state-owned Petrovietnam Gas, TCB of the largest private lender Techcombank and HPG of steelmaker Hoa Phat Group with a 7% rise.

Other notable gainers included MBB of lender MB and MWG of electronics retail chain Mobile World, both went up 6.2%.

Five blue chips fell, including PDR of Phat Dat Real Estate Development with a 7% fall.

Foreign investors were net buyers to the tune of VND1.68 trillion.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 3.70% while the UPCoM-Index at the Unlisted Public Companies Market was up by 2.37%.

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