VN-Index shoots up on first trading session of 2023

By Dat Nguyen   January 3, 2023 | 12:59 am PT
VN-Index shoots up on first trading session of 2023
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 3.66% on Tuesday, the first session of 2023, to a two-week high of 1,043.9 points.

The index closed 36.8 points higher after losing 2 points on Friday, the last session of 2022.

Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 24.6% to VND9.25 trillion ($393.28 million).

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

PDR of Phat Dat Real Estate Development led with a 7% riser, followed by HPG of steelmaker Hoa Phat Group, SSI of leading brokerage SSI Securities Corporation and VRE of retail real estate arm Vincom Retail with an increase of 6.8-6.9%.

BID of state-owned lender BIDV rose 6.7%, and TCB of the largest private lender Techcombank gained 6.2%.

At the bottom of the list SAB of brewer Sabeco rose 1.3% and VJC of budget airline Vietjet went up 2%.

Foreign investors were net buyers to the tune of VND239.97 billion, mainly buying HPG of steelmaker Hoa Phat Group, VNM of dairy giant Vinamilk and MSN of conglomerate Masan Group.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 3.53% while the UPCoM-Index at the Unlisted Public Companies Market was up by 1.05%.

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