VN-Index up further in fourth gaining session

By Thuy Tien   June 29, 2021 | 02:39 am PT
VN-Index up further in fourth gaining session
An investor observes stock prices on screen at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran.
Vietnam’s benchmark VN-Index maintained its upward trend with a 0.3 percent rise to 1,410.04 points Tuesday, its fourth consecutive session in the green.

The index stayed in the green throughout the day, going as high as 1,416 points early afternoon before dipping a bit and closing with a 4.23-point gain.

Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, dropped 8 percent over the previous session to VND21.3 trillion ($927.1 million). The bourse saw 153 tickers gain and 244 lose.

The VN30 basket comprising the index’s 30 largest capped stocks saw half the tickers in the green.

The top gainer Tuesday was VJC of budget carrier Vietjet, which rose 3.9 percent for its biggest surge in the last three weeks. It has slipped 4 percent since the start of this year.

FPT of IT giant FPT Corporation gained 3.4 percent to a new peak. It has been in the green for three consecutive sessions now. The ticker has risen by more than 74 percent this year.

VHM of real estate giant Vinhomes was up 2.7 percent to a historic peak. The ticker was the largest contributor to the index’s growth Tuesday, pushing it up by over 2.8 points.

STB of the Ho Chi Minh City-based lender Sacombank also experienced three gaining sessions in a row, with an increase of 2.6 percent Tuesday, while VNM of dairy giant Vinamilk rebounded after a losing session with a 2 percent gain.

GAS of energy giant PetroVietnam Gas was the biggest loser Tuesday, sliding 2.1 percent from the previous session. PLX of fuel distributor Petrolimex and VPB of private lender VPBank, both dropped 1.6 percent.

Foreign investors turned net buyers Tuesday to the tune of VND40.18 billion, with buying pressure strongest on VHM, VNM, and VCB of state-owned lender Vietcombank.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.21 percent, while the UPCoM-Index for the Unlisted Public Companies Market was up 0.56 percent.

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