VN-Index ends fourth session in the green

By Dat Nguyen May 4, 2021 | 01:26 am PT

An investor looks at stock prices on the screens at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran.

Vietnam’s benchmark VN-Index rose 0.23 percent to 1,242.20 points Tuesday, its fourth session in the green, with Techcombank and Vietinbank leading blue-chip gains.

The index started off with a 27-point drop in the first 20 minutes of trading as reports of new local Covid-19 cases during the holiday concern investors.

But it gradually recovered throughout the rest of the day and ended with a near 3-point increase. The index has risen over 2 percent, or 26 points, in the last four sessions.

Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, rose 11 percent to VND21.5 trillion ($930 million), highest in the last seven sessions. The bourse saw 154 tickers in the green and 263 in the red.

The VN30 basket, comprising the 30 largest capped stocks, saw 15 tickers in the green, led by TCB of the largest private lender Techcombank with a 5.9 percent gain to a new all-time high.

This is TCB’s fourth session in the green. It has increased by 10 percent since April 26.

CTG of state-owned lender VietinBank rose 5.4 percent, its third gaining session in a row. The ticker is only 0.5 percent away from its previous peak on April 12.

Three real estate companies made up the rest of the top five blue chip gainers, led by KDH of real estate firm Khang Dien House, up 5.1 percent to a new peak.

It was followed by PDR of Phat Dat Real Estate Development, 4 percent, and TCH of real estate company Hoang Huy Investment Financial Services up 3.9 percent.

On the losing side, BVH of insurance company Bao Viet Holdings fell 3 percent, while PNJ of Phu Nhuan Jewelry dropped 2.9 percent.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 1.43 percent, while the UPCoM-Index for the Unlisted Public Companies Market dropped 1.02 percent.