VN-Index continues sideways

By Dat Nguyen January 12, 2023 | 12:32 am PT

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 0.06% to 1,056.39 points Thursday, having gone sideways since January 3.

The index closed 0.63 points higher after gaining 2.41 points on Wednesday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 1.65% to VND8.71 trillion ($371.54 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 14 tickers unchanged.

VIB of Vietnam International Commercial Bank rose 2.8%, followed by GVR of Vietnam Rubber Group with a 2.1% gain.

VHM of property giant Vinhomes and VPB of private lender VPBank both went up 1.4%.

ACB of Asia Commercial Bank closed 1.2% higher.

Fourteen blue chips fell, with KDH of real estate firm Khang Dien House losing 4.6%.

PDR of Phat Dat Real Estate Development lost 1% and CTG of state-owned lender VietinBank fell 0.7%.

Foreign investors were net buyers to the tune of VND305.5 billion, mainly buying HPG of steelmaker Hoa Phat Group and VHM of property giant Vinhomes.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 0.13% while the UPCoM-Index at the Unlisted Public Companies Market was down by 0.25%.