Stocks reach 5-week high

By Dat Nguyen February 6, 2025 | 02:17 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 0.15% to 1,271.48 points Thursday, highest so far this year.

The index closed 1.87 points higher after gaining 4.93 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange decreased by 3% to VND12.92 trillion (US$511.28 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 14 tickers gained and 16 fell.

TCB of private lender Techcombank led with a 2% rise, followed by LPB of Lien Viet Post Bank, up 1.7%.

HDB of HDBank gained 1.5% and VIC of private conglomerate Vingroup increased by 1% higher.

Eleven blue chips dropped, including BCM of Becamex Investment and Industrial Development with a 1.4% fall and VNM of dairy giant Vinamilk, down 1.3%.

Foreign investors were net sellers to the tune of VND344 billion, mainly selling VNM of dairy giant Vinamilk and FRT of FPT Digital Retail.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.50%, while the UPCoM-Index for the Unlisted Public Companies Market went up 0.88%.