VN-Index gains in 3rd straight session

By Dat Nguyen   January 5, 2023 | 12:35 am PT
VN-Index gains in 3rd straight session
Investors look at stock prices on a screen at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Vietnam’s benchmark VN-Index rose 0.91% to 1,055.82 points in its third session in a row.

The index close 9.47 points higher after rising 2.45 points Wednesday.

Trading on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, fell 13% to VND9.18 trillion ($391.05 million).

The VN30 basket, comprising the 30 largest capped stocks, saw 25 tickers gain.

POW of electricity producer Petrovietnam Power Corporation led with a 6.8% rise.

It was followed by STB of Ho Chi Minh City-based lender Sacombank, up 3.9%.

TPB of private TPBank gained 2.5%, and VNM of dairy giant Vinamilk rose 2.4%.

Four blue chips fell, with NVL of property developer Novaland Group losing 2.1%.

Foreign investors were net buyers to the tune of VND673 billion, mainly buying HPG of steelmaker Hoa Phat Group and VNM.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.02% while the UPCoM-Index for the Unlisted Public Companies Market gained 0.08%.

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