Vietnam’s stocks edge up as Asian shares rise

The index closed 3.08 points higher after dropping 1.96 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange decreased by 18% to VND10.47 trillion (US$426 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 17 tickers gained.

TPB of private TPBank and VIB of Vietnam International Commercial Bank both went up 1.7%.

They were followed by VPB of private lender VPBank, up 1.4%, and FPT of IT giant FPT Corporation, up 1.3%.

Nine blue chips fell. SSB of SeABank declined by 5.9% and HPG of steelmaker Hoa Phat Group dropped 1%.

Foreign investors were net sellers to the tune of VND188 billion.

They mainly net sold VPB of private lender VPBank and VCI of Viet Capital Securities.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.19%, while the UPCoM-Index for the Unlisted Public Companies Market went up 0.44%.

Indian shares hit a record high on Thursday, boosted by heavy-weight banks and IT stocks in a volatile session.

The Nifty 50 hit a record high of 25,337 points, while the S&P BSE Sensex also scaled an all-time high.

Japan’s Nikkei 225 Index surged 3.41%, while Hong Kong’s Hang Seng Index rose 0.77%.