VN-Index hits 10-week high

By Dat Nguyen August 24, 2022 | 01:05 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 0.50% to 1277.16 points Wednesday, highest in over 10 weeks.

The index closed 6.35 points higher after gaining 10.38 points on Tuesday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 8.10% to VND15.20 trillion ($647.29 million).

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

VNM of dairy giant Vinamilk led with a 2.5% rise.

VCB of state-owned lender Vietcombank gained 2.2%, and STB of Ho Chi Minh City-based lender Sacombank 1.6%.

Other gainers included TCB of the largest private lender Techcombank, 1.2%, and NVL of real estate developer Novaland Group, 1.1%.

Twelve blue chips fell, with SAB of brewer Sabeco losing 1.6%, and VRE of retail real estate arm Vincom Retail falling 0.9%.

Foreign investors were net sellers for the fourth straight session to the tune of VND162 billion.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 0.72% while the UPCoM-Index at the Unlisted Public Companies Market was up by 0.56%.