VN-Index gains

By Dat Nguyen February 16, 2023 | 01:02 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 0.96% to 1,058.29 points Thursday with most blue chips gaining.

The index closed 10.09 points higher after gaining 9.56 points on Wednesday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 14.33% to VND8.45 trillion ($357.60 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 26 tickers gain.

HDB of HDBank led with a 3.9% rise, followed by NVL of property developer Novaland Group, up 3.1%.

POW of electricity producer Petrovietnam Power Corporation rose 2.9% and CTG of state-owned lender VietinBank went up 2.8%.

Only two blue chips fell. VCB of state-owned lender Vietcombank dropped 0.6% and MSN of conglomerate Masan Group lost 0.1%.

Foreign investors were net sellers to the tune of VND112.17 billion, mainly selling STB of Ho Chi Minh City-based lender Sacombank and VIC of private conglomerate Vingroup.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 1.38% while the UPCoM-Index at the Unlisted Public Companies Market was up by 0.24%.