Banks drive VN-Index up

By Ngan Anh   December 5, 2022 | 02:27 am PT
Banks drive VN-Index up
Investors are seen at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Vietnam’s benchmark VN-Index rose 1.26% to 1,093.67 points Monday, led by banking stocks.

The index closed 13.66 points higher after gaining 43.73 points on Friday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 17.02% percent to VND20.97 trillion ($874.66 million).

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

LPB of Lien Viet PostBank and STB of of Ho Chi Minh City-based lender Sacombank led with 7% rise. They were followed by VPB of VPBank, up 4.9%.

SSI of leading brokerage SSI Securities Corporation and KDH of real estate firm Khang Dien House closed at ceiling price, with a 6.9% rise.

NVL of real estate developer Novaland Group hit floor price, down 6.9%. VIC of biggest private conglomerate Vingroup dropped 1%.

Foreign investors were net buyers to the tune of VND1.38 trillion.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 1.85%while the UPCoM-Index at the Unlisted Public Companies Market was up by 1.43%.

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