Stocks shoot up to 8-month peak

By Dat Nguyen February 21, 2025 | 04:12 am PT

An investor points 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 0.29% to 1,296.75 points Friday, highest since mid-June last year.

The index closed 3.77 points higher after gaining 4.42 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange decreased by 2% to VND15.94 trillion (US$625 million).

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

BCM of Becamex Investment and Industrial Development led with a 3.5% rise, followed by MWG of electronics retail chain Mobile World, up 2.5%.

BVH of insurance company Bao Viet Holdings rose 1.9% and CTG of state-owned lender VietinBank increased by 1.6%.

Foreign investors were net sellers to the tune of VND193 billion, mainly selling FPT of IT giant FPT Corporation and KDH of real estate firm Khang Dien House.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 0.19%, while the UPCoM-Index for the Unlisted Public Companies Market went up 0.52%.