Stocks bounce back after declines

By Dat Nguyen February 26, 2024 | 01:34 am PT

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 1.00% to 1,224.17 points Monday after three sessions in the red.

The index closed 12.17 points higher after dropping 15.31 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange decreased by 34% to VND20.96 trillion ($848.93 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 19 tickers gained.

GVR of Vietnam Rubber Group led with a 4.5% rise, followed by FPT of IT giant FPT Corporation, up 3.9%.

BID of state-owned lender BIDV gained 3.1% and SSI of leading brokerage SSI Securities Corporation closed 2.8% higher.

Eight blue chips dropped, including VIC of private conglomerate Vingroup and VPB of private lender VPBank, both went down 1.3%.

Foreign investors were net buyers to the tune of VND33 billion, mainly buying DGC of Duc Giang Chemicals Group and HCM of Ho Chi MInh City Securities Corp.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.77%, while the UPCoM-Index for the Unlisted Public Companies Market went up 0.37%.