VN-Index nears seven-week high

By Dat Nguyen   February 23, 2022 | 02:05 am PT
VN-Index nears seven-week high
An investor looks at stock prices on a screen at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Vietnam’s benchmark VN-Index rose 0.59 percent to 1,512.30 points Wednesday, highest in nearly seven weeks.

The index stayed in the green throughout the day and closed nearly nine points higher after losing seven points Tuesday.

Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, fell 20.6 percent to VND22.39 trillion ($980 million).

The VN30 basket, comprising the 30 largest capped stocks, saw 21 tickers in the green, with VJC of budget airline Vietjet gaining 3.8 percent after losing for two sessions in a row.

TPB of private TPBank rose 2.7 percent in its third straight gaining session.

BVH of insurance company Bao Viet Holdings rose to the highest in two months with a 2.3 percent increase.

Other gainers included POW of electricity producer Petrovietnam Power Corporation, up 2 percent, and VRE of retail real estate arm Vincom Retail, up 1.2 percent.

Seven blue chip tickers fell, with BID of state-owned lender BIDV and NVL of real estate developer Novaland Group both losing 0.9 percent.

Foreign investors were net buyers to the tune of VND155 billion, with focus on DXG of real estate developer Dat Xanh Group and VJC.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 1.87 percent while the UPCoM-Index for the Unlisted Public Companies Market gained 0.44 percent.

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