VN-Index persists in recovery with fourth gaining session

By Dat Nguyen   October 7, 2021 | 03:23 am PT
VN-Index persists in recovery with fourth gaining session
An investor looks at stock prices on the screens at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Vietnam’s benchmark VN-Index rose 0.23 percent to 1,365.99 points, its fourth gaining session in a row, but with most blue chip tickers in the red.

The ticker stayed in the green most of the day and closed three points higher. It has risen over 31 points this week.

Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, gained 2.5 percent to VND19.93 trillion ($877.43 million).

The VN30 basket, comprising the 30 largest capped stocks, saw 18 tickers in the red, with GAS of state-owned Petrovietnam Gas faling 2.2 percent, ending seven sessions in the green.

POW of electricity producer Petrovietnam Power Corporation dropped 1.6 percent after rising four sessions in a row.

Other falling tickers included PNJ of Phu Nhuan Jewelry, down 1.1 percent and HPG of steelmaker Hoa Phat Group, down 0.9 percent.

On the other side, VPB of private lender VPBank shot up 4.1 percent after seven losing sessions.

Other gainers included SSI of leading brokerage SSI Securities Corporation, up 1.9 percent, and BVH of insurance company Bao Viet Holdings, up 1.5 percent.

Foreign investors were net sellers again to the tune of VND579 billion, with strongest focus on HPG and SBT of sugar producer Thanh Thanh Cong – Bien Hoa Jsc.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.52 percent, while the UPCoM-Index for the Unlisted Public Companies Market gained 0.6 percent.

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