15.5% of stocks close at price ceiling

By Dat Nguyen   October 27, 2022 | 01:25 am PT
15.5% of stocks close at price ceiling
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 surged 3.49% to 1,028.01 points Thursday, with 82 out of 529 tickers on the main bourse Ho Chi Minh Stock Exchange hitting price ceiling.

The index closed 34.6 points higher after losing 4.3 points Wednesday. It is now at a seven-day high.

Trading on the HoSE increased by 38% to VND11.12 trillion ($447.76 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 28 tickers gain.

Nine stocks closed at price ceiling, including STB of Ho Chi Minh City-based lender Sacombank, VRE of retail real estate arm Vincom Retail, BID of state-owned lender BIDV and CTG of state-owned lender VietinBank with a 7% increase.

Other strong gainers included MSN of conglomerate Masan Group and VPB of private lender VPBank, both went up 6.4%.

Only NVL of real estate developer Novaland Group and PDR of Phat Dat Real Estate Development closed in the red with a marginal decline.

Foreign investors were net sellers to the tune of VND171 billion, mainly selling KBC of industrial real estate developer Kinh Bac City and HPG of steelmaker Hoa Phat Group.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 3.73% while the UPCoM-Index at the Unlisted Public Companies Market was up by 1.89%.

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