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VN-Index bounces back after tumble

By Dat Nguyen   July 7, 2022 | 12:26 am PT
VN-Index bounces back after tumble
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 1.47 percent to 1,166.48 points Thursday but with plunging trade.

The index closed nearly 17 points higher after losing almost 32 points on Wednesday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 27.9 percent to VND9.06 trillion ($388 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 24 tickers gain.

BVH of insurance company Bao Viet Holdings and VRE of retail real estate arm Vincom Retail led with a 3.8 percent gain.

VCB of state-owned lender Vietcombank rose 3.7 percent.

Other gainers included PNJ of Phu Nhuan Jewelry and VIC of biggest private conglomerate Vingroup, up 3.6 percent and 3.4 percent respectively.

Four blue chips fell, with GAS of state-owned Petrovietnam Gas losing 1.8 percent, and FPT of IT giant FPT Corporation falling 0.5 percent.

Foreign investors were net buyers to the tune of VND487.46 billion ($20.86 million).

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was down 0.02 percent while the UPCoM-Index at the Unlisted Public Companies Market was up by 0.19 percent.

 
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