VN-Index posts biggest gain in 4 months

By Dat Nguyen October 5, 2022 | 03:04 am PT

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 2.42% to 1104.26 points Wednesday, its biggest gain in four months, but with plunging trade.

The index closed 26.1 points higher after losing 8.3 points on Tuesday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 21.9% to VND9.41 trillion ($394.22 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 27 tickers gain.

VHM of property giant Vinhomes rose 6.3%, and CTG of state-owned lender VietinBank gained 6%.

Other gainers included VIC of biggest private conglomerate Vingroup, up 5.3%, KDH of real estate firm Khang Dien House, up 5.2%, and BVH of insurance company Bao Viet Holdings, up 5%.

ACB of Asia Commercial Bank was the only blue chip that fell by 1%.

Foreign investors were net buyers to the tune of VND225.46 billion, mainly buying VHM and CTG.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 2.76% while the UPCoM-Index at the Unlisted Public Companies Market was up by 1.71%.