VN-Index breaks 3-session losing streak

By Minh Hieu July 24, 2024 | 01:30 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 0.54% to 1,238.47 points Wednesday after three consecutive sessions in red.

The index closed 6.66 points higher after dropping 22.83 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange decreased by 1% to VND17.864 trillion (US$704 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 18 tickers gain and 12 fall.

GVR of the Vietnam Rubber Group saw the biggest growth of 6.9%, followed by POW of electricity producer Petrovietnam Power Corporation with a 2.7% increase and SSB of lender SeABank, up 2.3%.

Nine blue chips fell. SSI of brokerage SSI Securities went down 2.8%, BVH of insurance company Bao Viet Holding saw a 2.4% decline, and MWG of electronics retail chain Mobile World closed 1.8% lower.

Foreign investors were net buyers to the tune of VND252 billion, mainly buying VNM of dairy giant Vinamilk and HPG of steelmaker Hoa Phat Group.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.67%, while the UPCoM-Index for the Unlisted Public Companies Market went up 0.13%.