VN-Index inches up from bottom

By Dat Nguyen   October 10, 2022 | 12:59 am PT
VN-Index inches up from bottom
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 rose 0.63% to 1,042.48 points Monday as investors sought opportunities by purchasing dipping blue chips.

The index closed 6.6 points higher after losing 38.6 points on Friday to close at a new low this year. It was the worst performing index globally last week.

Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 11% to VND15.06 trillion ($630.53 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 17 tickers gain.

MWG of electronics retail chain Mobile World gained 5.7%, followed by PLX of fuel distributor Petrolimex with a 5.3% rise.

HPG of steelmaker Hoa Phat Group rose 4.3%, and GAS of state-owned Petrovietnam Gas went up 3.9%.

Other gainers included CTG of state-owned lender VietinBank, BVH of insurance company Bao Viet Holdings and KDH of real estate firm Khang Dien House.

Ten blue chips fell, with TPB of private TPBank hitting the floor, plunging 6.9%.

Other tickers that fell were TCB of the largest private lender Techcombank, VJC of budget airline Vietjet and NVL of real estate developer Novaland Group.

Foreign investors were net buyers to the tune of VND561.39 billion, mainly buying NVL of real estate developer Novaland Group and BCM of Becamex Investment and Industrial Development.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 1.66% while the UPCoM-Index at the Unlisted Public Companies Market was up by 0.20%.

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