VN-Index firms at 2-month high

By Dat Nguyen June 4, 2024 | 12:47 am PT

An investor looks at stock prices on a screen at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran

Vietnam's benchmark VN-Index rose 0.28% to 1,283.52 points Tuesday, highest since April 2.

The index closed 3.52 points higher after gaining 18.28 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange decreased by 9% to VND23.74 trillion ($934 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 16 tickers gained.

POW of electricity producer Petrovietnam Power Corporation led with a 4.1% rise, followed by SAB of brewer Sabeco, up 3.4%.

FPT of IT giant FPT Corporation gained 1.6% and BVH of insurance company Bao Viet Holdings closed 1.1% higher.

Eleven bluechips dropped. ACB of Asia Commercial Bank fell 1.2% and BCM of Becamex Investment and Industrial Development closed 1.1% lower.

Foreign investors were net sellers to the tune of VND131 billion, mainly selling MWG of electronics retail chain Mobile World and VND of brokerage VNDirect.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 0.16%, while the UPCoM-Index for the Unlisted Public Companies Market went up 0.07%.