Stocks steady at highest since September

By Dat Nguyen January 17, 2024 | 02:17 am PT

An investor looks at stock prices on the screens at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran

Vietnam's benchmark VN-Index fell 0.05% to 1,162.53 points Wednesday as it stabilized around the highest since Sep. 22.

The index closed 0.59 points lower after gaining 9 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange increased by 27% to VND16.73 trillion ($681.74 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 17 tickers fell.

VHM of property giant Vinhomes dropped 1.8%, followed by SHB of Saigon Hanoi Commercial Bank, down 1.6%.

TPB of private TPBank fell 1.3% and MSN of conglomerate Masan Group closed 1.2% lower.

Nine blue chips gained, led by MWG of electronics retail chain Mobile World with a 1.4% rise.

Foreign investors were net buyers to the tune of VND143 billion, mainly buying MWG and HPG of steelmaker Hoa Phat Group.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, was unchanged while the UPCoM-Index for the Unlisted Public Companies Market went down 0.08%.