VN-Index nears 8-week high

By Dat Nguyen August 3, 2022 | 01:33 am PT

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 0.66 percent to 1,249.76 points Wednesday, reaching the highest in nearly eight weeks in its third consecutive gaining session.

The index closed 8 points higher after rising 10 points Tuesday. It has risen 43 points in the last three sessions.

Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 4 percent to VND17.57 trillion ($751.46 million), highest in seven weeks.

The VN-30 basket, comprising the 30 largest capped stocks, saw 14 tickers gain.

HPG of steelmaker Hoa Phat Group rose 3.7 percent to a seven-week high.

GAS of state-owned Petrovietnam Gas gained 3.5 percent, and BID of state-owned lender BIDV rose 2.1 percent.

Other gainers were STB of Ho Chi Minh City-based lender Sacombank, CTG of state-owned lender VietinBank and SSI of leading brokerage SSI Securities Corporation, up 1.5-2 percent.

Twelve blue chips fell, with Vietnam International Commercial Joint Stock Bank losing 1.5 percent, and VHM of real estate giant Vinhomes falling 1 percent.

Foreign investors were net buyers for the third session in a row to the tune of VND656 billion, mainly buying HPG and VCB of state-owned lender Vietcombank.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 0.77 percent while the UPCoM-Index at the Unlisted Public Companies Market was up by 0.21 percent.