VN-Index hits six-session high

By Dat Nguyen June 14, 2021 | 01:47 am PT

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 0.74 percent to 1,361.72 points Monday, the highest of the past six sessions, pushed up by Vinhomes and Vingroup tickers.

The index stayed in the green throughout the day and fluctuated at 1,360 points before closing with a near 10-point gain. It scored a total 38 points in the last two sessions, en route to its previous peak of 1,374 points.

Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, rose 6.6 percent to VND25.34 trillion ($1.1 million). The bourse saw 202 tickers gain and 184 lose.

The VN30 basket, comprising the 30 largest capped stocks, saw 21 tickers in the green, with VHM of real estate giant Vinhomes and VIC of largest private conglomerate Vingroup the biggest contributor to VN-Index’s gain with 5.4 points.

VHM surged 3.7 percent to a new height, having gained nearly 23 percent this year.

VIC of biggest private conglomerate Vingroup rose 1.7 percent, breaking its downward trend that began on April 19. It has lost nearly 17 percent since.

SSI of leading brokerage SSI Securities Corporation shot up 5.8 percent to a new peak, having risen in the past four sessions.

BVH of insurance company Bao Viet Holdings rose 4.7 percent to a near two-month high.

On the losing side, VPB of private lender VPBank led with a 1.1 percent drop, followed by HDB of HDBank, down 1 percent.

Foreign investors turned net sellers to the tune of VND80 billion, with strong pressure on MBB of Military Bank and VND of brokerage VNDirect.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.73 percent while the UPCoM-Index for the Unlisted Public Companies Market fell 0.11 percent.