VN-Index tiptoes up after 3 sessions in red

By Dat Nguyen   May 14, 2024 | 02:08 am PT
VN-Index tiptoes up after 3 sessions in red
An investor looks at stock prices on a smartphone at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Vietnam’s benchmark VN-Index rose 0.25% to 1,243.28 points Tuesday afternoon.

It closed 3.1 points higher after falling 4.5 points Monday.

Trading on the Ho Chi Minh Stock Exchange, on which the index is based, fell 9% to VND15.6 trillion ($613 million).

The VN30 basket, comprising the 30 largest capped stocks, saw 13 tickers gained.

BCM of Becamex Investment and Industrial Development led with a 3.9% rise, followed by MWG of electronics retail chain Mobile World, up 3.1%.

VIC of private conglomerate Vingroup gained 2.3% and VIB of Vietnam International Commercial Bank closed 1.9% higher.

Eleven blue chips fell. PLX of fuel distributor Petrolimex dropped 2.2% while VJC of budget airline Vietjet fell 1.5%.

Foreign investors were net sellers for the fifth straight session to the tune of VND801 billion. They mainly sold VHM of property giant Vinhomes and VPB of private lender VPBank.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.25% while the UPCoM-Index for the Unlisted Public Companies Market gained 0.15%.

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