VN-Index hits four-week high

By Dat Nguyen   September 17, 2021 | 04:14 pm GMT+7
VN-Index hits four-week high
An investor looks at stock prices on a smartphone at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Vietnam’s benchmark VN-Index rose 0.5 percent to 1,352.64 points Friday, the highest in four weeks, with banking tickers leading blue chip growth.

The index stayed in the green throughout the day and closed with a near 7-point gain. This is its third gaining session in a row.

At 1,352 points, VN-Index is now at its highest since Aug.19 when the market plunged.

Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, surged 42 percent to VND25.94 trillion ($1.14 billion).

The VN30 basket, comprising the 30 largest capped stocks, saw 16 tickers in the green led by four banks.

TPB of private TPBank rose 5.6 percent to a new peak, while VPB of private lender VPBank increased 3.1 percent to the highest since Jul. 9.

BID of state-owned lender BIDV went up 1.5 percent, while HDB of HDBank gained 1.4 percent.

Other gainers included VHM of real estate giant Vinhomes, up 1.4 percent, TCB of the largest private lender Techcombank, up 1.3 percent, and SSI of leading brokerage SSI Securities Corporation, up 1.2 percent.

Thirteen blue chip tickers fell, with VRE of retail real estate arm Vincom Retail dropping 2.7 percent after a surge of 5.1 percent Thursday.

MSN of conglomerate Masan Group lost 2.5 percent after four sessions in the green.

Foreign investors continued to be net sellers for the 16th session in a row to the tune of VND1.7 trillion, the highest since Aug. 18.

They focused on selling VIC of biggest private conglomerate Vingroup and SSI.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 1.34 percent while the UPCoM-Index for the Unlisted Public Companies Market gained 1.19 percent.

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