Stocks close 3rd session in green

By Dat Nguyen May 16, 2024 | 01:02 am PT

An investor looks at stock prices on a screen at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran

Vietnam’s benchmark VN-Index rose 1.15% to 1,268.78 points Thursday in its third gaining session.

The index closed 14.4 points higher after rising 11.1 points Wednesday.

Trading on the Ho Chi Minh Stock Exchange, on which the index is based, rose 2.46% to VND22.69 trillion ($892 million).

The VN30 basket, comprising the 30 largest capped stocks, saw 24 tickers in the green.

TCB of the largest private lender Techcombank led with a 3.7% rise, followed by HDB of HDBank, up 3%, and CTG of state-owned lender VietinBank, up 2.6%.

Four blue chips fell. MWG of electronics retail chain Mobile World dropped 1.5% and BCM of Becamex Investment and Industrial Development closed 0.9% lower.

Foreign investors were net buyers to the tune of VND6 billion, mainly buying MWG and NLG of real estate developer Nam Long Investment Corp.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.52% while the UPCoM-Index for the Unlisted Public Companies Market gained 0.65%.