Trading value hits six-week high

By Quang Tue   August 2, 2022 | 01:29 am PT
Trading value hits six-week high
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 Tuesday rose 0.83 percent to 1,241.62 points, the highest since mid-June, with trading also the highest in six weeks.

The index closed 10.27 points up after gaining 25 points Monday.

Trading on the Ho Chi Minh Stock Exchange rose 4.27 percent to VND16.89 trillion ($723.2 million), the highest since June 20, as investors keep buying the dip.

The VN-30 basket, comprising the 30 largest capped stocks, saw 19 tickers gain.

VHM of property giant Vinhomes rose 4.2 percent to the highest since June 30. VIC of the Vinhomes' parent company Vingroup also surged 2.9 percent.

SAB of brewer Sabeco extended its winning streak with a 2.6 percent gain. The ticker is now at the highest since last March after rising 22 percent in 11 sessions.

Other winners included VCB of state-owned lender Vietcombank, up 2.5 percent, and POW Petrovietnam Power, up 1.9 percent.

Ten blue chips bucked the trend, led by PLX of fuel distributor Petrolimex with a 1.9 percent drop after announcing losses of nearly VND141 billion for the second quarter.

Seven losers were bank stocks, with BID of BIDV losing 1.3 percent and STB of Sacombank falling 1 percent.

TCB of Techcombank lost 0.8 percent, and ACB of Asia Commercial Bank fell 0.4 percent.

Foreign investors were net buyers to the tune of VND370.46 billion, focusing on SSI of leading brokerage SSI Securities and HPG of steelmaker Hoa Phat.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 0.41 percent while the UPCoM-Index at the Unlisted Public Companies Market was up by 0.12 percent.

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