Blue chips drive VN-Index up

May 24, 2022 | 01:14 am PT
Blue chips drive VN-Index up
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 1.2 percent to 1,233.38 points Tuesday with most blue chips ending in the green.

The index mostly stayed in the red throughout the day but started to climb in less than an hour from closing, gaining 14.57 points after losing almost 23 points in the two recent sessions.

Trading on the Ho Chi Minh Stock Exchange rose marginally to VND13.4 trillion ($577.5 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 26 tickers gain, with STB of HCMC-based lender Sacombank hitting ceiling prices and gaining 6.9 percent.

SSI of leading brokerage SSI Securities rose 6.04 percent after losing 6.9 percent Monday.

MSN of conglomerate Masan Group gained 4.3 percent, and CTG of lender VietinBank closed 4 percent higher.

Four blue chips fell Tuesday, led by HPG of steel giant Hoa Phat with a 5 percent loss.

It was followed by KDH of real estate developer Khang Dien, rising 2 percent, and PLX of fuel distributor Petrolimex, inching up 0.6 percent.

Foreign investors turned net buyers after three selling session to the tune of VND191.65 billion, focusing on STB and DCM of Petro Vietnam Ca Mau Fertilizer.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 1.76 percent while the UPCoM-Index at the Unlisted Public Companies Market was down by 0.61 percent.

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