VN-Index extends recovery streak

By Quang Tue May 18, 2022 | 01:46 am PT

An investor looks at stock prices on a laptop at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran

Vietnam’s benchmark VN-Index continued its recovery with a 1.01 percent gain Wednesday but trading value remained grim.

The index stayed in the green for most of the day and closed 12 points higher at 1,240.76 points, extending the recovery streak started Tuesday with a record 4.81 percent gain.

Trading on the Ho Chi Minh Stock Exchange fell marginally to VND13.84 trillion, a five-session low.

The VN-30 basket, comprising the 30 largest capped stocks, saw 13 tickers dropped, led by TPB of private lender TPBank and SAB of brewer Sabeco.

They both closed 2.4 percent lower.

PDR of real estate developer Phat Dat dropped 2.1 percent, and FPT of IT giant FPT lost 2 percent.

Other losers included VJC of budget airline Vietjet, down 1.8 percent, and SSI of leading brokerage SSI Securities, down 1.7 percent.

Ten blue chips closed in the green, with MSN of conglomerate Masan Group and STB of HCMC-based Sacombank closing at ceiling price for the second straight session, gaining 6.9 percent.

GAS of Petrovietnam Gas rose 4.06 percent, and TCB of private lender Techcombank climbed 3.4 percent.

Foreign investors were net buyers to the tune of VND171.57 billion, focusing on GEX of electrical equipment maker Gelex and VND of brokerage VNDirect Securities.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was down 1.78 percent while the UPCoM-Index for the Unlisted Public Companies Market lost by 1.42 percent.