Stocks close 12% higher in 2024

By Dat Nguyen December 31, 2024 | 03:59 am PT

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 fell 0.41% to 1,266.78 points Tuesday, closing the year with a 12% gain.

The index closed 5.2 points lower after dropping 3.1 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange was steady at around VND11.56 trillion (US$454 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 18 tickers fell.

HDB of HDBank dropped 4.3%, followed by CTG of state-owned lender VietinBank with a 2.8% decline.

BVH of insurance company Bao Viet Holdings and STB of Ho Chi Minh City-based lender Sacombank both closed with a 2.5% fall.

Seven blue chips gained, led by ACB of Asia Commercial Bank and BCM of Becamex Investment and Industrial Development, both went up 1.6%.

Foreign investors were net sellers to the tune of VND302 billion.

They mainly net sold VCB of state-owned lender Vietcombank and BID of state-owned lender BIDV.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 0.31%, while the UPCoM-Index for the Unlisted Public Companies Market went up 0.05%.