Stocks rise in 5 consecutive sessions

By Dat Nguyen May 7, 2024 | 02:00 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 gained 5.4% to 1,248.63 points Tuesday, its fifth session in the green.

The index closed 7 points higher after rising 20.5 points Monday.

Trading on the Ho Chi Minh Stock Exchange, on which the index is based, fell 12% to VND18.4 trillion ($724 million).

The VN30 basket, comprising the 30 largest capped stocks, saw 16 tickers in the green.

PLX of fuel distributor Petrolimex led with a 5.4% rise, followed by VJC of budget airline Vietjet, up 4.6%.

VNM of dairy giant Vinamilk gained 3.3% and FPT of IT giant FPT Corporation closed 2.9% higher.

Ten blue chips fell. CTG of state-owned lender VietinBank dropped 1.2% and BID of state-owned lender BIDV fell 1%.

Foreign investors were net buyers for the third session in a row to the tune of VND120 billion, mainly buying HPG of steelmaker Hoa Phat Group and MWG of electronics retail chain Mobile World.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.29% while the UPCoM-Index for the Unlisted Public Companies Market gained 0.50%.