Stocks jump to 3-week peak

By Dat Nguyen November 29, 2024 | 12:49 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 rose 0.67% to 1,250.46 points Friday, highest since Nov. 11, after three days with minimum change.

The index closed 8.35 points higher after gaining 0.14 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange increased by 21% to VND13.49 trillion (US$532 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 21 tickers gained.

BVH of insurance company Bao Viet Holdings led with a 7% surge, followed by FPT of IT giant FPT Corporation, up 3.5%.

BID of state-owned lender BIDV gained 1.4% and HPG of steelmaker Hoa Phat Group closed 1.3% higher.

Six blue chips fell, including VHM of property giant Vinhomes with a 0.7% decline.

Foreign investors were net buyers to the tune of VND334 billion, mainly buying FPT and MSN of conglomerate Masan Group.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.48%, while the UPCoM-Index for the Unlisted Public Companies Market went up 0.43%.