VN-Index rises to 7-day high

By Dat Nguyen   March 30, 2021 | 01:31 am PT
VN-Index rises to 7-day high
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 surged 0.91 percent to 1,186.36 points Tuesday, the highest since Mar. 23.

The index went upward mostly in the day and closed with a near 11-point gain. It has climbed up over 24 points in the last two sessions.

Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, rose nearly 17 percent to VND16.9 trillion ($732 million). The bourse saw 270 stocks gain and 165 lose.

The VN30 basket, which comprises the 30 largest capped stocks, saw 20 tickers in the green, led by STB of Ho Chi Minh City-based lender Sacombank with a 6.8 percent surge.

In the last four sessions the ticker has been rising consecutively by over 11 percent.

It was followed by VIC of biggest conglomerate Vingroup, up 3.7 percent to a new peak this year. This was its fifth gaining session in a row.

MSN of conglomerate Masan Group rose 2.8 percent, but is still near 10 percent away from returning to this year’s peak on Jan. 25.

On the losing side, REE of industrial appliance maker Refrigeration Electrical Engineering Corporation (REE) led with a 2 percent drop, continuing its falling trend from this year’s peak on Feb. 18.

Foreign investors were net sellers for the third session in a row to the tune of VND287 billion, with focus on VCB of state-owned lender Vietcombank and VRE of retail real estate arm Vincom Retail.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 1.8 percent, while the UPCoM-Index for the Unlisted Public Companies Market added 0.14 percent.

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