VN-Index hits a month high

By Quang Tue   June 8, 2022 | 01:59 am PT
VN-Index hits a month high
An investor looks at stock prices on the screens at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Vietnam’s benchmark VN-Index surged 1.28 percent to 1,307.91 points Wednesday, its highest since May 9, with 76 percent of tickers rising.

The index stayed in the green for most of the day and closed 16.56 points higher after gaining marginally in the last two sessions.

Trading on the Ho Chi Minh Stock Exchange fell by 6 percent to VND16.76 trillion.

The VN-30 basket, comprising the 30 largest capped stocks, saw 21 tickers gain, with two hitting the ceiling price.

STB of HCMC-based lender Sacombank and GVR of Vietnam Rubber Group both rose by 6.9 percent.

They were followed by POW of Petrovietnam Power and VPB of private lender VPBank with a 4.4 percent gain.

Other winners included SSI of leading brokerage SSI Securities, up 3.9 percent, and MBB of MBBank, up 3.7 percent.

Seven blue chips bucked the trend, led by VCB of state-owned lender Vietcombank with a 2.2 percent fall.

BVH of insurance company Bao Viet Holding lost 1.2 percent, and HPG of steelmaker Hoa Phat closed 0.9 percent lower.

Foreign investors were net buyers for the third straight session to the tune of VND270.08 billion. They focused on buying DCM of Petro Vietnam Ca Mau Fertilizer and DPM of Petrovietnam Fertilizer & Chemicals.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, rose by 2.23 percent while the UPCoM-Index at the Unlisted Public Companies Market was up by 1.40 percent.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, gained 2.2 percent, while the UPCoM-Index for the Unlisted Public Companies Market rose 1.4 percent.

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