VN-Index hits 7-session high

By Dat Nguyen   January 25, 2022 | 01:39 am PT
VN-Index hits 7-session high
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 2.77 percent to 1479.58 points Tuesday, highest in seven sessions, driven up by blue chip tickers.

The index started to surge in the afternoon and closed nearly 40 points higher after losing 33 points in the last session.

Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, remains modest at VND22.21 trillion ($981 million), down 10 percent.

The VN30 basket, comprising the 30 largest capped stocks, saw 28 tickers in the green, three of them hitting ceiling price.

MSN of conglomerate Masan Group rose 7 percent to a two-week high, while VRE of retail real estate arm Vincom Retail and POW of electricity producer Petrovietnam Power Corporation closed 6.9 percent and 6.8 percent higher respectively.

HPG of steelmaker Hoa Phat Group surged 6.3 percent after hitting a nine-month low on Monday.

Other strong gainers included VHM of real estate giant Vinhomes, up 6.3 percent, PDR of Phat Dat Real Estate Development, up 5.4 percent and TPB of private TPBank, up 5.3 percent.

VNM of dairy giant Vinamilk was the only blue chip stock that dropped this session with a 2.2 percent loss.

Foreign investors ended a chain of four net selling sessions with a net purchase of VND1.28 trillion, focusing on VHM and CTG of state-owned lender VietinBank.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 2.36 percent, while the UPCoM-Index for the Unlisted Public Companies Market gained 1.24 percent.

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