VN-Index breaks 4-session losing streak as global stocks inch down

The index closed 1.22 points higher after dropping 4.78 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange increased by 12% to VND12.819 trillion (US$504.7 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 10 tickers gained.

VNM of dairy giant Vinamilk rose 1.25%, POW of electricity producer Petrovietnam Power Corporation went up 1.22%, and SSI of brokerage SSI Securities Corporation closed 1.2% higher.

Fourteen blue chips fell. BVH of insurance company Bao Viet Holdings went down 1.7%, HPG of steelmaker Hoa Phat Group slid 0.7%, and GVR of Vietnam Rubber Group saw a 0.6% decline.

Foreign investors were net seller to the tune of VND198 billion, mainly selling FPT of IT giant FPT Corporation and HPG.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.01%, while the UPCoM-Index for the Unlisted Public Companies Market went up 0.10%.

Globally, shares around the world nudged lower on Monday on soft economic numbers from China and Europe and as surging bond yields challenged equity valuations, at the start of a week packed with central bank meetings and major economic data, Reuters reported.

China's blue chip index eased 0.5%, having dropped more than 2% last Friday.

European stocks also nudged down, off 0.1%, not helped by soft business activity data from Germany, which showed a sixth straight month of contraction, and France. That left MSCI's world share index a fraction lower. U.S. share futures held steady.