VN-Index edges higher as global stocks rise

The index closed 0.75 points higher after gaining 8.35 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange decreased by 11% to VND11.965 trillion (US$471.2 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 9 tickers gained.

BVH of insurance company Bao Viet Holdings rose 3.2%, VCB of state-owned lender Vietcombank went up 1.0%, and HPG of steelmaker Hoa Phat Group closed 0.6% higher.

Seventeen blue chips fell. MSN of conglomerate Masan Group slid 0.8%, VIB of Vietnam International Commercial Bank dropped 0.79%, and FPT of IT giant FPT Corporation saw a 0.77% decline.

Foreign investors were net seller to the tune of VND305 billion, mainly selling FPT and MSN.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.30%, while the UPCoM-Index for the Unlisted Public Companies Market went down 0.32%.

Global stocks edged up on Monday, leaving the MSCI All-World index up 0.1%, while U.S. stock futures were down 0.1-0.2%, suggesting a modestly lower start following Friday's holiday-shortened session in which the major indices scored record-high closes, Reuters reported.

The euro fell as a threat from France's far right to collapse its government kept European markets under pressure, while tech stocks lifted global shares and the dollar firmed in a key week for the U.S. interest rate outlook.

In Asia, Chinese shares got an additional boost from a robust reading in a private manufacturing survey on Monday.

Hong Kong's Hang Seng inched up 0.16%, while mainland Chinese blue chips rose 0.6%.