Last-minute buying pushes VN-Index up

By Dat Nguyen   November 8, 2022 | 12:49 am PT
Last-minute buying pushes VN-Index up
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 0.66% to 981.65 points Tuesday thanks to a surge in purchase in the last hour of trading.

The index closed 6.46 points higher after losing 21.96 points on Monday, having ended in the red in the last four sessions.

Trading on the Ho Chi Minh Stock Exchange fell by 1.72% to VND10.37 trillion ($416.94 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 23 tickers gain.

POW of electricity producer Petrovietnam Power Corporation led with a 6.7% rise.

STB of Ho Chi Minh City-based lender Sacombank gained 6.1%, followed by SSI of leading brokerage SSI Securities Corporation with a 4.9% increase.

Other gainers included BID of state-owned lender BIDV, GVR of Vietnam Rubber Group and MWG of electronics retail chain Mobile World.

Seven blue chips fell, with NVL of real estate developer Novaland Group and PDR of Phat Dat Real Estate Development hitting the floor.

Foreign investors were net buyers to the tune of VND523.72 billion, mainly buying KDH of real estate firm Khang Dien House and PVS of PetroVietnam Technical Services Corporation.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 0.61% while the UPCoM-Index at the Unlisted Public Companies Market was up by 0.04%.

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