VN-Index rises slightly after three sessions in red

By Dat Nguyen December 1, 2021 | 12:59 am PT

An investor looks at stock prices on a laptop at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran

Vietnam’s benchmark VN-Index gained 0.46 percent to 1,485.19 points Wednesday, ending a chain of three sessions in the red.

The index closed nearly seven points higher after losing over 22 points in the last three sessions.

Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, plunged 22.7 percent to VND26.59 trillion ($1.17 billion), the lowest in six sessions.

The VN30 basket, comprising the 30 largest capped stocks, saw 19 tickers in the green, led by TPB of private TPBank with a ceiling increase of 7 percent.

This is a recovery from three session in the red. The ticker has gained 180 percent this year.

HDB of HDBank rose 4.9 percent, but saw trading volume plunge 36 percent from the average of the past 10 sessions.

POW of electricity producer Petrovietnam Power Corporation rose 3.7 percent to a near two-week high.

NVL of real estate developer Novaland Group gained 3.6 percent to a near five-month high after going sideways since July.

Ten blue chip tickers ended in the red, with VHM of real estate giant Vinhomes dropping 2 percent.

VJC of budget airline Vietjet fell 2 percent to the lowest since Aug. 20.

Foreign investors were net sellers for the sixth straight session to the tune of VND1.07 billion, with focus on VHM and VIC of biggest private conglomerate Vingroup.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, closed 0.49 percent lower while the UPCoM-Index for the Unlisted Public Companies Market gained 0.42 percent.