VN-Index reaches 2-month high

By Dat Nguyen   August 12, 2022 | 02:14 am PT
VN-Index reaches 2-month high
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 0.82 percent to 1262.33 points Friday, highest in over two months.

The index closed 10.3 points higher after losing 4.4 points on Thursday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 30 percent to VND13.06 trillion ($558.24 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 25 tickers gain.

BVH of insurance company Bao Viet Holdings rose 2.6 percent.

It was followed by HPG of steelmaker Hoa Phat Group, up 2.4 percent, and BID of state-owned lender BIDV, up 2.3 percent.

Other gainers included SSI of leading brokerage SSI Securities Corporation, up 2 percent, and STB of Ho Chi Minh City-based lender Sacombank, up 1.8 percent.

Three blue chips fell: VJC of budget airline Vietjet lost 0.7 percent, while KDH of real estate firm Khang Dien House and VHM of real estate giant Vinhomes fell 0.5% and 0.3% respectively.

Foreign investors were net buyers for the third straight session to the tune of VND138.31 billion.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 1.08 percent while the UPCoM-Index at the Unlisted Public Companies Market was up by 0.13 percent.

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