VN-Index inches up to near 1,300 points

By Dat Nguyen   July 16, 2021 | 04:06 pm GMT+7
VN-Index inches up to near 1,300 points
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 gained 0.42 percent to 1,299.31 points Friday, with foreign investors net buyers for the third session in a row.

The index was in the green throughout the day, exceeding 1,300 points at certain points before closing with a 5-point gain.

The index closed in the green in three out of five sessions this week but lost nearly 48 points.

Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, gained 2 percent to VND15.46 trillion ($671 million). The bourse saw 199 tickers gain and 178 lose.

Foreign investors were net buyers to the tune of VND67 billion with strongest pressure on NVL of real estate developer Novaland Group and VIC of biggest private conglomerate Vingroup.

The VN30 basket, comprising the 30 largest capped stocks, saw 19 tickers in the green, led by MSN of conglomerate Masan Group with a 4.8 percent gain.

The ticket now stands at a new peak after avoiding recent market plunges. It has gained 37 percent this year.

VIC rose 3.7 percent, ending a chain of five losing sessions. The ticker has experienced a falling trend since April 20.

PDR of Phat Dat Real Estate Development rose 3.4 percent, while KDH of real estate firm Khang Dien House gained 1.7 percent.

On the losing side, SSI of leading brokerage SSI Securities Corporation dropped 1.7 percent, while STB of Ho Chi Minh City-based lender Sacombank lost 1.2 percent.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, gained 0.48 percent while the UPCoM-Index for the Unlisted Public Companies Market added 0.41 percent.

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