Stocks steady at 2-year peak

By Dat Nguyen February 27, 2025 | 02:05 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 0.37% to 1,307.80 points Thursday, highest since June 2022.

The index closed 4.8 points higher after dropping 0.2 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange increased by 12% to VND18.73 trillion (US$733 million).

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

HPG of steelmaker Hoa Phat Group went up 2.5%, followed by VCB of state-owned lender Vietcombank with a 1.8% increase.

SSB of SeABank and SSI of brokerage SSI Securities Corporation both gained 1%.

Thirteen blue chips dropped. VNM of dairy giant Vinamilk fell by 1.4% and PLX of fuel distributor Petrolimex closed 0.7% lower.

Foreign investors were net sellers to the tune of VND639 billion, mainly STB of Ho Chi Minh City-based lender Sacombank and TPB of private TPBank.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.33%, while the UPCoM-Index for the Unlisted Public Companies Market went up 0.09%.