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VN-Index hits 6-week high

By Dat Nguyen   August 1, 2022 | 02:30 am PT
VN-Index hits 6-week high
An investor looks at stock prices on a laptop at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Vietnam's benchmark VN-Index rose 2.07 percent to 1,231.35 points Monday, highest since June 16, as investors’ sentiment improved.

The index closed 25 points higher after losing nearly 2 points on Friday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 7.7 percent to VND16.20 trillion ($693.58 million), a six-week high, showing rising interests in "buying the dip."

All 30 tickers of the VN-30 basket, comprising the largest capped stocks in Vietnam, ended in the green.

SSI of leading brokerage SSI Securities Corporation surged 6.8 percent to the highest since June 13.

HPG of steelmaker Hoa Phat Group rose 6 percent.

CTG of state-owned lender VietinBank gained 5.5 percent to the highest since April 22.

Other gainers included BID of state-owned lender BIDV, VRE of retail real estate arm Vincom Retail and GVR of Vietnam Rubber Group, rising 3.3-4.6 percent.

Foreign investors were net buyers to the tune of VND655 billion, mainly buying SSI and STB of Ho Chi Minh City-based lender Sacombank.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 2.08 percent while the UPCoM-Index at the Unlisted Public Companies Market was up by 0.33 percent.

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