VN-Index hits 7-day high

By Dat Nguyen October 13, 2022 | 01:03 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 1.56% to 1,050.99 points Thursday with foreign investors net buying for the fifth straight session.

The index closed 16.2 points higher after gaining 28.6 points on Wednesday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 22.4% to VND8.90 trillion ($369.06 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 23 tickers gain, led by three banks.

ACB of Asia Commercial Bank gained 6.7%, followed by BID of state-owned lender BIDV, 6.6%, and CTG of state-owned lender VietinBank, 5.9%.

Other gainers included VRE of retail real estate arm Vincom Retail, HPG of steelmaker Hoa Phat Group, and STB of Ho Chi Minh City-based lender Sacombank.

Three blue chips fell: MSN of conglomerate Masan Group dropped 3%, NVL of real estate developer Novaland Group lost 0.7% and PLX of fuel distributor Petrolimex went down 0.6%.

Foreign investors were net buyers to the tune of VND449.94 billion, mainly buying VNM of dairy giant Vinamilk, DGC of Duc Giang Chemicals Group and HPG.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 0.59% while the UPCoM-Index at the Unlisted Public Companies Market was up by 0.04%.