VN-Index posts largest gain in two weeks

By Dat Nguyen   March 3, 2022 | 01:36 am PT
VN-Index posts largest gain in two weeks
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 1.31 percent to 1,505.00 points Thursday, its biggest gain in over two weeks, as investors picked up falling stocks in previous sessions.

The index stayed in the green throughout the day and closed over 19 points higher after losing 13 points Wednesday.

Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, declined marginally to VND30.16 trillion ($1.32 billion).

The VN30 basket, comprising the 30 largest capped stocks, saw 24 tickers in the green, with HPG of steelmaker Hoa Phat Group hitting ceiling price with a 6.8 percent gain.

HDB of HDBank rose 3.3 percent, and VPB of private lender VPBank gained 2.6 percent.

Other gainers included GVR of Vietnam Rubber Group, up 2.5 percent, and NVL of real estate developer Novaland Group, up 2.1 percent.

Five blue chip tickers fell, with POW of electricity producer Petrovietnam Power Corporation losing 1.4 percent and SAB of brewer Sabeco falling 1.1 percent.

Foreign investors were net buyers to the tune of VND539 billion with focus on DGC of Duc Giang Chemicals Group and DCM of Petro Vietnam Ca Mau Fertilizer.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 1.6 percent, while the UPCoM-Index for the Unlisted Public Companies Market gained 1.24 percent.

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