Techcombank, Vietcombank give VN-Index a boost

By Thuy Tien   May 5, 2021 | 07:02 pm GMT+7
Techcombank, Vietcombank give VN-Index a boost
An investor looks at stock prices on his smartphone at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran.
Vietnam’s benchmark VN-Index climbed 1.15 percent to 1,256.4 points Tuesday, its fifth session in the green, led by Techcombank and Vietcombank.

The index was in the green throughout the day, peaking at 1,265 points in the afternoon before closing with a 14-point gain.

Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, was VND21.2 trillion ($922 million), down 1.26 percent. The session saw 330 tickers gain and 93 lose.

Ticker TCB of biggest private lender Techcombank contributed most to VN-Index’s gain this session with 2.4 points.

It rose 5.9 percent to a new historic peak, its fifth gaining session in a row. It has gained 16.47 percent in the last five sessions.

Meanwhile, VCB of state-owned lender Vietcombank contributed 2.08 points to the index’s growth, and the ticker closed with a 2.12 percent gain.

GAS of state-owned Petrovietnam Gas pushed the index up 1.12 points and rose 2.6 percent this session.

HDB of private lender HDBank was the biggest blue-chip gainer at 6.8 percent, hitting its new peak for this year.

KDH of real estate firm Khang Dien House fell 1.1 percent, ending its four-session gaining streak, while PDR of Phat Dat Real Estate Development dropped 1 percent.

Foreign investors were net sellers for the third session in a row to the tune of VND779.6 billion, with the strongest pressure on HPG of steelmaker Hoa Phat Group, VRE of mall operator Vincom Retail and CTG of state-owned lender VietinBank.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 1.16 percent, while the UPCoM-Index for the Unlisted Public Companies Market rose 1 percent.

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