Stocks steady at 5-week high

By Dat Nguyen May 21, 2024 | 01:41 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 fell 0.03% to 1,277.14 points Tuesday as it hovered around the highest since April 12.

The index closed 0.4 points lower after gaining 4.5 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange decreased by 13% to VND23.99 trillion ($942 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 11 tickers gained.

FPT of IT giant FPT Corporation led with a 2.3% rise, followed by BCM of Becamex Investment and Industrial Development, up 2.2%.

VRE of retail real estate arm Vincom Retail gained 1.3% and CTG of state-owned lender VietinBank closed 0.9% higher.

Sixteen blue chips fell, with TCB of the largest private lender Techcombank losing 2.1%.

Foreign investors were net sellers to the tune of VND716 billion, mainly selling VEA of Vietnam Engine and Agricultural Machinery Corp and KBC of industrial real estate developer Kinh Bac City.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.30%, while the UPCoM-Index for the Unlisted Public Companies Market went up 0.99%.