VN-Index gains as most blue chips increase

By Dat Nguyen   July 12, 2022 | 01:29 am PT
VN-Index gains as most blue chips increase
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 1.69 percent to 1,174.82 points Tuesday with the majority of blue chips in the green.

The index closed nearly 20 points higher after losing 16 points Monday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 6.8 percent to VND10.66 trillion ($455.81 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 22 tickers gain.

GVR of Vietnam Rubber Group gained 6.9 percent.

It was followed by BID of state-owned lender BIDV, up 5.5 percent, and GAS of state-owned Petrovietnam Gas, up 4.3 percent.

POW of electricity producer Petrovietnam Power Corporation rose 3.6 percent, and MBB of lender MB gained 2.7 percent.

Seven blue chips fell, with VJC of budget airline Vietjet dropping 1.5 percent.

SAB of brewer Sabeco fell one percent, and MSN of conglomerate Masan Group lost 0.5 percent.

Foreign investors were net sellers to the tune of VND283.23 billion, mainly selling VHM of real estate giant Vinhomes and VCB of state-owned lender Vietcombank.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 1.83 percent while the UPCoM-Index at the Unlisted Public Companies Market was up by 0.61 percent.


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