VN-Index in 1,350 points range for third session

By Dat Nguyen   August 13, 2021 | 01:21 am PT
VN-Index in 1,350 points range for third session
An investor looks at stock prices on a laptop at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran.
Vietnam’s benchmark VN-Index rose 0.3 percent to 1,357.05 points Friday, remaining in the 1,350-range for the third straight session.

Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, rose nearly 9 percent to VND24.63 trillion ($1.08 billion). The bourse saw 166 tickers gain and 205 lose.

VHM of real estate giant Vinhomes contributed most to VN-Index’s gain this session with 2.7 points.

The company recently announced profits of nearly VND1 trillion from selling 60 million treasury shares it bought in 2019.

It plans to issue bonds worth VND4.37 trillion to the public this year.

VPB of private lender VPBank rose 2.7 percent this session. The bank has announced a plan to triple its charter capital to VND75 trillion next year, the highest among Vietnamese banks.

Other notable gainers this session included KDH of real estate firm Khang Dien House, up 3.5 percent, and SSI of leading brokerage SSI Securities Corporation, up 2.3 percent.

However, 15 blue chip tickers ended in the red, led by BVH of insurance company Bao Viet Holdings and GAS of state-owned Petrovietnam Gas, both down 1.6 percent.

Foreign investors were net sellers for the fourth straight session to the tune of VND788 billion with strongest selling pressures on SSI and VHM stocks.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.79 percent, while the UPCoM-Index for the Unlisted Public Companies Market gained 0.21 percent.

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