VN-Index posts fourth gain in a row

By Dat Nguyen October 29, 2021 | 02:30 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 0.44 percent to a new peak of 1,444.27 points Friday in its fourth session in the green.

Last-minute buying pressure pushed the index up six points. It has gained nearly 59 points in the last four sessions.

Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, rose 10 percent to VND28.88 trillion ($1.27 billion).

The VN30 basket, comprising the 30 largest capped stocks, saw 13 tickers gain, led by VHM of real estate giant Vinhomes with a 5.6 percent increase.

The ticker was the biggest contributor to VN-Index’s gain this session, pushing it up five points. The ticker is now at a near three-week high.

BID of state-owned lender BIDV rose 4.1 percent to a 10-week high.

Other gainers included ACB of Asia Commercial Bank, rising 3.6 percent, and KDH of real estate firm Khang Dien House, 3 percent.

SAB of brewer Sabeco dropped 2.5 percent after posting plunging third quarter results.

HPG of steelmaker Hoa Phat Group lost 1.6 percent, while BVH of insurance company Bao Viet Holdings fell 1.4 percent.

Foreign investors were net buyers for the third straight session, with focus on VHM and CTG of state-owned lender VietinBank.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, gained 0.26 percent while the UPCoM-Index for the Unlisted Public Companies Market rose 0.96 percent.