VN-Index increases as global stocks hold steady

The index closed 5.95 points higher after gaining 19.69 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange increased by 37% to VND18.546 trillion (US$752.6 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 17 tickers gained.

CTG of state-owned lender VietinBank went up 2.1%, SSI of brokerage SSI Securities Corporation saw a 2.1% growth, and MWG of electronics retail chain Mobile World closed 2.1% higher.

Nine blue chips fell. VRE of retail real estate arm Vincom Retail closed 1.3% lower, SAB of brewer Sabeco declined by 0.7%, and HPG of steelmaker Hoa Phat Group went down 0.6%.

Foreign investors were net buyers to the tune of VND312 billion, mainly buying FPT of IT giant FPT Corporation and SSI.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.28%, while the UPCoM-Index for the Unlisted Public Companies Market went up 0.30%.

Globally, the dollar slipped on Wednesday while Treasury yields edged higher and global stocks steadied as traders weighed the odds of a super-sized Federal Reserve interest rate cut later in the day, Reuters reported.

The MSCI's index of world stocks was flat after having touched a two-week high a day earlier and just below an all-time high.

European stocks slipped 0.3%, with technology and healthcare shares among the biggest laggards.

Japan's Nikkei stock index climbed as much as 1.3% early on in reaction to overnight weakness in the yen, but pared those gains to 0.5% as the currency rebounded.

Wall Street finished nearly unchanged on Tuesday, failing to sustain early momentum that pushed the S&P 500 and Dow Jones to record intraday highs. S&P 500 futures pointed a flat open later on Wednesday.