VN-Index jumps with surging trade

By Dat Nguyen   November 16, 2022 | 02:20 am PT
VN-Index jumps with surging trade
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 surged 3.4% to 942.9 points Wednesday, with trade value surging to the highest in nearly four weeks.

The index closed 31 points higher after losing 29 points on Tuesday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 46.7% to VND14.37 trillion ($579.9 million), highest since October 21.

The VN-30 basket, comprising the 30 largest capped stocks, saw 26 tickers gain.

Nine blue chips hit ceiling price, including GVR of Vietnam Rubber Group, STB of Ho Chi Minh City-based lender Sacombank, BID of state-owned lender BIDV, MWG of electronics retail chain Mobile World and ACB of Asia Commercial Bank.

Other major gainers included HDB of HDBank, up 6.4%, and CTG of state-owned lender VietinBank, up 6%.

Foreign investors were net buyers to the tune of VND638.41 billion, mainly buying CTG and VHM of property giant Vinhomes.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 4.36% while the UPCoM-Index at the Unlisted Public Companies Market was up by 3.19%.

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