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VN-Index jumps to 12-week high

By Dat Nguyen   April 1, 2022 | 01:46 am PT
VN-Index jumps to 12-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 surged 1.63 percent to 1,516.44 points, the highest in 12 weeks, with several blue chip stocks hitting new peaks.

The index gradually increased throughout the day and closed 24 points higher in its third gaining session this week.

VN-Index is now 0.8 percent away from surpassing its previous peak on January 7.

Trading on the Ho Chi Minh Stock Exchange (HoSE) rose 22 percent to VND26.7 trillion ($1.17 billion).

The VN30 basket, comprising the 30 largest capped stocks, saw 29 tickers in the green, led by MWG of electronics retail chain Mobile World with a 7 percent gain to a new peak.

The surge helped biggest electronics seller in Vietnam break out of the sideways pattern since the end of last year.

PNJ of Phu Nhuan Jewelry also rose to a new peak with a 6.1 percent gain.

Other gainers were SAB of brewer Sabeco, up 4 percent, HDB of HDBank, up 3.9 percent, and VPB of private lender VPBank, up 3.8 percent.

PLX of fuel distributor Petrolimex was the only blue chip ticker in the red with a 0.2 percent decline.

Foreign investors were net buyers for the fourth session in a row to the tune of VND409 billion, mainly buying VNM of dairy giant Vinamilk and DGC of Duc Giang Chemicals Group.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 1 percent while the UPCoM-Index for the Unlisted Public Companies Market gained 0.13 percent.

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