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Energy stocks drive VN-Index up

By Dat Nguyen   November 10, 2021 | 01:38 am PT
Energy stocks drive VN-Index up
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 rose 0.24 percent to 1,465.02 points Wednesday, driven by stocks of Petrolimex and Petrovietnam Power.

The index closed 3.5 points higher after losing 6 points Tuesday. This is its seventh session in the green in the last 10.

Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, dropped marginally to VND29.74 trillion ($1.31 billion).

The VN30 basket, comprising the 30 largest capped stocks, saw 13 tickers in the green, led by PLX of fuel distributor Petrolimex with a 7 percent ceiling increase.

The ticker is now at a two-year high with trading value quadrupling from Tuesday to a new historic peak.

POW of electricity producer Petrovietnam Power Corporation rose 1.9 percent to a new peak, while VRE of retail real estate arm Vincom Retail, gained 1.6 percent after four losing sessions.

TPB of private TPBank rose 1.4 percent, while GVR of Vietnam Rubber Group gained 1.2 percent.

Thirteen tickers fell, led by PDR of Phat Dat Real Estate Development with a 3.4 percent drop.

The ticker is now at the lowest in nearly a month.

Foreign investors focused on selling PAN of food company The Pan Group and HPG of steelmaker Hoa Phat Group.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 1.29 percent while the UPCoM-Index for the Unlisted Public Companies Market gained 0.44 percent.

 
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