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VN-Index bounces back after plunge

By Dat Nguyen   September 20, 2022 | 01:17 am PT
VN-Index bounces back after plunge
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 rebounded 1.12% to 1,218.93 points Tuesday but with trade value dipping to a six-session low.

The index closed 13.5 points higher after losing 28.6 points on Monday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 33% to VND11.16 trillion ($471.34 million), lowest since September 12.

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

SSI of leading brokerage SSI Securities Corporation led with a 4% rise.

BID of state-owned lender BIDV went up 2.8%, and GVR of Vietnam Rubber Group gained 2.6%.

Other gainers included STB of Ho Chi Minh City-based lender Sacombank , BVH of insurance company Bao Viet Holdings and CTG of state-owned lender VietinBank.

Three blue chips ended in the red: KDH of real estate firm Khang Dien House fell 0.7%, while NVL of real estate developer Novaland Group lost 0.5% and VRE of retail real estate arm Vincom Retail went down 0.2%.

Foreign investors were net buyers to the tune of VND423.74 billion, mainly buying DGC of Duc Giang Chemicals Group and HPG of steelmaker Hoa Phat Group.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 1.01% while the UPCoM-Index at the Unlisted Public Companies Market was up by 0.19%.

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