VN-Index inches up to three-month high

By Dat Nguyen   October 18, 2021 | 02:28 am PT
VN-Index inches up to three-month 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 0.2 percent to 1,395.53 points Monday, highest since July 5, with trading value hitting a near one-month peak.

The index breached the 1,400-point range in the afternoon but quickly dropped to close with a near three-point gain.

This is its highest level since July’s plunge.

Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, rose 7 percent to VND23.65 trillion ($1.04 billion), highest since Sep. 20.

The VN30 basket, comprising the 30 largest capped stocks, saw 16 tickers gain, led by GAS of state-owned Petrovietnam Gas with a 4 percent increase to a new peak.

The ticker has surged over the past three weeks, having gained 29 percent.

PDR of Phat Dat Real Estate Development rose 3 percent to the highest since Jul. 9.

VPB of private lender VPBank gained 2.4 percent, while PLX of fuel distributor Petrolimex added 1.5 percent.

On the other side, 12 tickers ended in the red, with SAB of brewer Sabeco losing 1.7 percent.

CTG of state-owned lender VietinBank fell 1.5 percent, with PNJ of Phu Nhuan Jewelry dropping 1.5 percent.

Foreign investors were net sellers to the tune of VND607 billion with strongest pressure on HPG of steelmaker Hoa Phat Group and SSI of leading brokerage SSI Securities Corporation.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, gained 0.01 percent while the UPCoM-Index for the Unlisted Public Companies Market dropped 0.07 percent.

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