Vietnam stocks tiptoe up amid global surges

By Dat Nguyen   September 24, 2024 | 01:32 am PT
Vietnam stocks tiptoe up amid global surges
An investor looks at stock prices on a laptop at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Vietnam's benchmark VN-Index rose 0.67% to 1,276.99 points Tuesday, while some global markets jumped to record highs.

The index closed 8.51 points higher after dropping 3.56 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange increased by 39% to VND17.92 trillion (US$728 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 25 tickers gained.

SSB of SeABank and STB of Ho Chi Minh City-based lender Sacombank both led the gain with a 3.4% rise.

VIB of Vietnam International Commercial Bank rose 3.2% and MBB of lender MB closed 1.8% higher.

Foreign investors were net sellers to the tune of VND2.5 trillion, mainly selling VIB of Vietnam International Commercial Bank and VPB of private lender VPBank.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.40%, while the UPCoM-Index for the Unlisted Public Companies Market went up 0.18%.

World stocks hit a record high on Tuesday after China unveiled stimulus measures to support its economy and stock markets, sending Asian and European shares higher and triggering a bounce in commodity prices, Reuters reported.

The pan-European STOXX 600 index rose 0.8%, with China-exposed mining and luxury stocks in the lead. The German blue-chip DAX traded just below all-time highs.

The MSCI world stocks index gained 0.3% to touch a record high. Futures pointed to a higher open on Wall Street.

Chinese stocks also closed higher, with the blue-chip CSI300 index and the Shanghai Composite index surging more than 4% each. Hong Kong's Hang Seng Index jumped more than 4% to a four-month high.

 
 
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