Stocks post little gain

By Dat Nguyen May 23, 2025 | 06:52 am PT

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

Vietnam’s benchmark VN-Index rose 0.05% to 1,314.46 points Friday.

The index closed 0.6 points higher after dropping 9.2 points Thursday.

Trading on the Ho Chi Minh Stock Exchange, on which the index is based, plunged 36% to VND16.9 trillion (US$651 million).

The VN30 basket, comprising the 30 largest capped stocks, saw 15 tickers gained.

GAS of state-owned Petrovietnam Gas led with a 3.3% rise, followed by STB of Ho Chi Minh City-based lender Sacombank, up 1.7%.

ACB of Asia Commercial Bank and VRE of retail real estate arm Vincom Retail each closed 1.2% higher.

BCM of Becamex Investment and Industrial Development fell 1.5% and PLX of fuel distributor Petrolimex dropped 1.3% lower.

Foreign investors were net sellers to the tune of VND137 billion, mainly selling FPT of tech giant FPT Corporation and MSN of conglomerate Masan Group.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, dropped 0.22% while the UPCoM-Index for the Unlisted Public Companies Market closed 0.08% higher.