Stocks recover to two-week high

By Dat Nguyen December 25, 2023 | 01:34 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 1.32% to 1,117.66 points Monday, highest since Dec. 12.

The index closed 14.60 points higher after gaining 0.63 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange increased by 24% to VND15.15 trillion ($624 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 29 tickers gained.

MSN of conglomerate Masan Group led with a 5.4% rise, followed by PLX of fuel distributor Petrolimex, up 2.5%.

GAS of state-owned Petrovietnam Gas went up 2.4% and VHM of property giant Vinhomes closed 2.2% higher.

GVR of Vietnam Rubber Group was the only blue chip that fell with a 0.2% decline.

Foreign investors were net sellers to the tune of VND123 billion, mainly selling HPG of steelmaker Hoa Phat Group and VNM of dairy giant Vinamilk.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.52%, while the UPCoM-Index for the Unlisted Public Companies Market went up 0.07%.