Stocks jump to 7-month high

By Dat Nguyen February 20, 2025 | 01:20 am PT

An investor looks at stock prices on the screens at a brokerage in Ho Chi Minh City. Photo by VnExpress/Huu Khoa

Vietnam's benchmark VN-Index rose 0.34% to 1,292.98 points Thursday, highest since July last year.

The index closed 4.4 points higher after gaining 10.4 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange decreased by 7% to VND16.29 trillion (US$638 million).

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

VHM of property giant Vinhomes led with a 3.7% gain, followed by GVR of Vietnam Rubber Group, up 2.2%.

TCB of private lender Techcombank rose 1.7% and MWG of electronics retail chain Mobile World went up 1.6%.

Seven blue chips dropped. LPB of Fortune Vietnam Bank declined by 1.1% and FPT of IT giant FPT Corporation closed 0.7% lower.

Foreign investors were net sellers to the tune of VND391 billion.

They mainly net sold FPT and MWG.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.10%, while the UPCoM-Index for the Unlisted Public Companies Market went up 0.75%.