VN-Index jumps to 7-week high

By Dat Nguyen   May 23, 2024 | 01:00 am PT
VN-Index jumps to 7-week high
An investor looks at stock prices on a laptop at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Vietnam's benchmark VN-Index rose 1.11% to 1,281.03 points Thursday, highest since April 2.

The index closed 14.12 points higher after dropping 10.23 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange decreased by 17% to VND23.31 trillion ($915 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 25 tickers gained.

BVH of insurance company Bao Viet Holdings led with a 7% surge, followed by PLX of fuel distributor Petrolimex, up 6.9%.

GAS of state-owned Petrovietnam Gas went up 4.3% and HPG of steelmaker Hoa Phat Group closed 3.7% higher.

Three blue chips fell marginally. They are BID of state-owned lender BIDV, VRE of retail real estate arm Vincom Retail and FPT of IT giant FPT Corporation with a decline of less than 1%.

Foreign investors were net buyers to the tune of VND66 billion, mainly buying DBC of meat producer Dabaco Group and MWG of electronics retail chain Mobile World.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.72%, while the UPCoM-Index for the Unlisted Public Companies Market went up 0.50%.

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