VN-Index climbs back to 2-month high

By Dat Nguyen   May 28, 2024 | 12:50 am PT
VN-Index climbs back to 2-month high
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 1.11% to 1,281.73 points Tuesday, highest since April 2.

The index closed 14.05 points higher after gaining 5.75 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange increased by 25% to VND22.06 trillion ($867 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 27 tickers gained.

SAB of brewer Sabeco led with a 4.3% rise, followed by FPT of IT giant FPT Corporation, up 3.2%.

POW of electricity producer Petrovietnam Power Corporation went up 2.9% and MSN of conglomerate Masan Group closed 2.7% higher.

CTG of state-owned lender VietinBank was the only blue chip in the red with a decline of 0.6%.

Foreign investors were net sellers to the tune of VND1.15 trillion.

They mainly sold CTG and VNM of dairy giant Vinamilk.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 1.13%, while the UPCoM-Index for the Unlisted Public Companies Market gained 0.79%.

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