VN-Index gains as Vingroup, bank tickers peak

The index dipped slightly in the first 20 minutes of trading but quickly rose to the 1,240 range before returning to the 1,230 range to end with a near 4-point gain.

The session brought the VN-Index to another new historic peak after surpassing the 2018 level on April 1. It has surged 6.7 percent in the last seven sessions.

Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, rose marginally to VND16.9 trillion ($737 million). The bourse saw 190 tickers gain and 248 lose.

VIC of the biggest private conglomerate Vingroup was the top contributor to the gain of the VN-Index this session with 2.4 points.

The ticker has ended in the green for the last 10 sessions, up by a total 19 percent. It is now at a new peak of VND127,000.

Four other banks added 2.8 points to the index, led by CTG of state-owned lender VietinBank with a 2.4 percent increase to a new peak. The ticker has gained 21 percent this year.

MBB of Military Bank also rose to a new peak with a 3.3 percent gain, its fourth consecutive session in the green.

TCB of the largest private lender Techcombank rose 1.7 percent to a new peak, while EIB of lender Eximbank went up 6 percent, also to a new peak.

Foreign investors cut off three sessions of net buying with a net sale value of VND2.4 billion, with the strongest selling pressure on CTG, VNM of dairy giant Vinamilk and MSN of conglomerate Masan Group.