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VN-Index heads sideways after surge

By Quang Tue   August 16, 2022 | 02:11 am PT
VN-Index heads sideways after surge
An investor looks at stock prices at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Vietnam’s benchmark VN-Index rose 0.04% to 1,274.69 points Tuesday despite over half of blue chips ending in the red.

The index closed 0.49 points higher after gaining 11.87 points Monday.

Trading on the Ho Chi Minh Stock Exchange fell by 3.63% to VND14.95 trillion ($638.47 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 18 tickers drop.

BID of state-owned lender BIDV ended its gain streak with a 1.2% drop.

CTG of lender Vietinbank, VJC of budget airline Vietjet, VIC of the biggest conglomerate Vingroup and VRE of its subsidiary Vincom Retail all fell 0.8%.

Other losers included BVH of insurance company Bao Viet Holdings and VPB of private lender VPBank, both down 0.7%.

Twelve blue chips rose, led by PLX of fuel distributor Petrolimex with a 2.7% gain.

HPG of steelmaker Hoa Phat and MWG of electronics retailer Mobile World followed, surging 2.3% and 1.5%, respectively.

Foreign investors were net buyers for the fifth straight session to the tune of VND531.66 billion. They focused on buying HPG, PVD of Petrovietnam Drilling & Well Services, and HDB of lender HDBank.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, fell 0.31% while the UPCoM-Index at the Unlisted Public Companies Market rose 0.22%.

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