VN-Index struggles to return to 1,300 points

By Dat Nguyen June 18, 2024 | 02:45 am PT

Investors look at stock prices on the screens at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran

Vietnam's benchmark VN-Index rose 0.37% to 1,279.50 points Tuesday, struggling to climb back to a two-year high level of 1,300 points.

The index closed 4.73 points higher after dropping 5.14 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange decreased by 2% to VND22.51 trillion ($884 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 14 tickers gained and 16 fell.

POW of electricity producer Petrovietnam Power Corporation led with a 6.8% increase.

It was followed by PLX of fuel distributor Petrolimex, up 2.8%, and BVH of insurance company Bao Viet Holdings, up 2.5%.

Eight blue chips fell, including CTG of state-owned lender VietinBank with a 1.2% drop.

Foreign investors were net sellers to the tune of VND655 billion, mainly selling FPT of IT giant FPT Corporation and VPB of private lender VPBank.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.52%, while the UPCoM-Index for the Unlisted Public Companies Market went up 0.23%.