VN-Index surges to near 7-week high

By Dat Nguyen   October 5, 2021 | 02:32 am PT
VN-Index surges to near 7-week 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 shot up 1.13 percent to 1,354.63 points, highest in nearly seven weeks, with foreign investors turning net buyers.

The index climbed steadily throughout the day and closed 15 points higher. This was its biggest gain in a day since Aug. 9.

Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, fell 15.6 percent to VND19.31 trillion ($847 million).

Foreign investors ended a chain of four net selling sessions with a VND502 billion net purchase, focusing on HPG of steelmaker Hoa Phat Group and MBB of lender MB.

The VN30 basket, comprising the 30 largest capped stocks, saw 22 tickers in the green, led by STB of Ho Chi Minh City-based lender Sacombank, up 6 percent.

GAS of state-owned Petrovietnam Gas shot up to a two-year high with a 4.8 percent gain, its sixth rising session in a row.

SSI of leading brokerage SSI Securities Corporation bounced back with a 4.7 percent increase.

Other gainers included SAB of brewer Sabeco, up 3.5 percent, and CTG of state-owned lender VietinBank, up 2.8 percent.

Seven blue chip tickers ended in the red, led by PNJ of Phu Nhuan Jewelry, down 1.8 percent, and PDR of Phat Dat Real Estate Development, down 1.5 percent.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 1.55 percent while the UPCoM-Index for the Unlisted Public Companies Market gained 0.75 percent.

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