VN-Index climbs to new high

The index rose steadily throughout the day and closed 13 points higher. It has ended in the green in five of the last six sessions.

News of recovery in manufacturing and rising third-quarter profits of some sectors seem to have increased market sentiment and pushed the index up.

Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, fell 14 percent to VND28.85 trillion, but was still 10.7 percent higher than the average of the last 10 sessions.

The VN30 basket, comprising the 30 largest capped stocks, saw 19 tickers in the green, led by GVR of Vietnam Rubber Group with a 7 percent gain to a new peak.

PNJ of Phu Nhuan Jewelry rose 3.9 percent to the highest since Jul. 9.

KDH of real estate firm Khang Dien House gained 2.9 percent, while PDR of Phat Dat Real Estate Development rose 2.4 percent.

SSI of leading brokerage SSI Securities Corporation hit a six-week high with a 2.3 percent gain.

Six blue chip tickers ended in the red, with POW of electricity producer Petrovietnam Power Corporation dropping 1.9 percent and NVL of real estate developer Novaland Group falling 1.4 percent.

Foreign investors were net sellers for the second session in a row to the tune of VND1.12 trillion with strongest pressure on NVL of real estate developer Novaland Group and NLG of real estate developer Nam Long Investment Corp.