VN-Index shoots up nearly 23 points

By Dat Nguyen   July 22, 2021 | 01:06 am PT
VN-Index shoots up nearly 23 points
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 gained 1.8 percent to hit 1,293.67 points Thursday with no blue chips ending in the red.

The index followed an upward trend throughout the day, rising nearly 23 points. It has gained 4 percent since its previous bottom on July 19.

Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, gained 6 percent to VND17 trillion ($739.3 million). The bourse saw 308 tickers gain and 79 lose.

The VN30 basket, comprising the 30 largest capped stocks, saw 29 tickers gaining and one unchanged, led by KDH of real estate firm Khang Dien House with a 7 percent increase.

FPT of IT giant FPT Corporation rose 3.2 percent to a near two-week high, while VRE of retail real estate arm Vincom Retail gained 2.9 percent.

VHM of real estate giant Vinhomes rose 2.8 percent, its third gaining session in a row.

Other notable gainers include GAS of state-owned Petrovietnam Gas and TPB of private TPBank, both up 2.3, and PNJ of Phu Nhuan Jewelry, up 2.1 percent.

Foreign investors were net sellers for the fourth straight session to the tune of VND508 billion, with strongest pressure on VIC of biggest private conglomerate Vingroup and KDH.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 1.72 percent while the UPCoM-Index for the Unlisted Public Companies Market added 1.51 percent.

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