Stock market climbs back to 4-week peak

By Dat Nguyen May 12, 2023 | 01:49 am PT

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 0.93% to 1066.9 points Friday, returning to the highest level in four weeks.

The index closed 9.78 points higher after losing 1.14 points on Thursday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 3.84% to VND11.97 trillion ($510.27 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 20 tickers gain.

VHM of property giant Vinhomes led with a 4.2% gain, followed by SSI of leading brokerage SSI Securities Corporation, up 3.8%.

HPG of steelmaker Hoa Phat Group rose 2.8% and VIC of private conglomerate Vingroup gained 2.4%.

Seven blue chips fell, NVL of property developer Novaland Group lost 0.7%, and VNM of dairy giant Vinamilk closed 0.6% lower.

Foreign investors were net buyers to the tune of VND1.13 billion, mainly buying HPG of steelmaker Hoa Phat Group and VND of brokerage VNDirect.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 0.32% while the UPCoM-Index at the Unlisted Public Companies Market was up by 1.16%.