Blue chips drive VN-Index up

By Quang Tue   July 21, 2022 | 01:11 am PT
Blue chips drive VN-Index up
An investor looks at stock prices on a screen at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Vietnam’s benchmark VN rose 0.36 percent to 1,196.2 points Thursday with most blue chips ending in the green.

It stayed in the green for most of the day and closed 4.3 points higher after gaining almost 16 points Wednesday.

Trading on the Ho Chi Minh Stock Exchange fell over 18 percent to VND11.5 trillion ($491.7 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 21 tickers gain.

MWG of electronics retailer Mobile World led with a 4.7 percent gain.

It was followed by two consumer staples stocks, SAB of brewer Sabeco (up 3.3 percent) and MSN of conglomerate Masan Group (up 2.4 percent).

Other winners included CTG of lender VietinBank, up 1.7 percent, and HPG of steel giant Hoa Phat, up 1.6 percent.

Seven tickers bucked the trend, with BVH of insurance company Bao Viet Holdings losing 1.4 percent.

VHM of property giant Vinhomes dropped 1.3 percent to a near 20-month low.

Two energy blue chips, PLX of fuel distributor Petrolimex and POW of Petrovietnam Power, lost 1.1-1.2 percent.

Foreign investors were net buyers for the second straight session to the tune of VND386.8 billion.

They focused on buying SSI of leading brokerage SSI Securities, LPB of lender Lien Viet Post JSB, and GAS of Petrovietnam Gas.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was down 0.27 percent while the UPCoM-Index at the Unlisted Public Companies Market was up by 0.27 percent.

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