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VN-Index posts marginal gain near peak

By Dat Nguyen   November 4, 2021 | 02:05 am PT
VN-Index posts marginal gain near peak
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 0.28 percent to 1,448.34 points Thursday even though most blue chip stocks ended in the red.

The index went up four points after losing eight points Wednesday. This is its seventh gain in the last 10 sessions, pushing it into the unprecedented 1,440-range.

Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, fell over 35 percent from a new historic peak Wednesday to VND27.87 trillion ($1.22 billion).

The VN30 basket, comprising the 30 largest capped stocks, saw 19 tickers in the red, led by GAS of state-owned Petrovietnam Gas with a 2.4 percent drop.

This is its fourth loss in the last five sessions, having fallen 6.4 percent.

STB of Ho Chi Minh City-based lender Sacombank fell 1.6 percent after rising to a near two-month high Wednesday.

CTG of state-owned lender VietinBank lost 1.2 percent after six sessions rising.

NVL of real estate developer Novaland Group dropped 1.1 percent, and ACB of Asia Commercial Bank fell 1 percent.

Ten blue chip tickers gained, led by SSI of leading brokerage SSI Securities Corporation with a 3.1 percent increase to the highest since Sep. 17.

BID of state-owned lender BIDV went up 2.2 percent in its fifth session in the green to hit a near two-month high.

Foreign investors were net sellers to the tune of VND75 billion with strongest pressure on PAN of food company The Pan Group and SSI.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 1.61 percent while the UPCoM-Index for the Unlisted Public Companies Market gained 0.37 percent.

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