VN-Index recovers as retail stocks gain

By Dat Nguyen   September 22, 2021 | 01:45 am PT
VN-Index recovers as retail stocks gain
An investor looks at stock prices on a screen at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Vietnam’s benchmark VN-Index rose 0.81 percent to 1,350.68 points Wednesday, led by insurance and retail blue chips.

The index stayed mostly in the green and gained 11 points, the same number lost Tuesday due to the Evergrande debt concern.

Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, fell 19 percent to VND18.93 trillion ($831.32 million).

The VN30 basket, comprising the 30 largest capped stocks, saw 18 tickers in the green, led by BVH of insurance company Bao Viet Holdings with a 5.9 percent surge.

The ticker is now at its highest since July 2 after gaining three sessions in a row.

PNJ of Phu Nhuan Jewelry bounced back 3.3 percent after three sessions in the red.

VNM of dairy giant Vinamilk continued its recovery, rising 3 percent, its fifth gaining session in a row.

It is now at its highest since mid-June.

MSN of conglomerate Masan Group rose 2.4 percent, and GVR of Vietnam Rubber Group gained 1.6 percent.

On the losing side, PDR of Phat Dat Real Estate Development and SSI of leading brokerage SSI Securities Corporation both lost 0.7 percent.

Foreign investors were net sellers for the second session to the tune of VND200 billion, with strongest pressure on VPH of real estate developer Van Phat Hung and VIC of biggest private conglomerate Vingroup.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, gained 1.24 percent while the UPCoM-Index for the Unlisted Public Companies Market rose 0.91 percent.

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