Stocks rise to near five-month high

By Dat Nguyen February 6, 2024 | 01:36 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 0.20% to 1,188.48 points Tuesday, highest since Sept. 22.

The index closed 2.42 points higher after gaining 13.51 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange decreased by 24% to VND14.62 trillion ($600 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 20 tickers gained and 10 fell.

CTG of state-owned lender VietinBank and HDB of HDBank both led with a 1.5% rise.

They were followed by POW of electricity producer Petrovietnam Power Corporation and VIB of Vietnam International Commercial Bank, up 0.9%.

Nine blue chips fell. SHB of Saigon Hanoi Commercial Bank dropped 1.7% and MWG of electronics retail chain Mobile World closed 0.8% lower.

Foreign investors were net sellers to the tune of VND408 billion, mainly selling FPT of IT giant FPT Corporation and CTG of state-owned lender VietinBank.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.15%, while the UPCoM-Index for the Unlisted Public Companies Market went up 0.38%.