Stocks tiptoe up after plunge

By Dat Nguyen   October 27, 2023 | 01:01 am PT
Stocks tiptoe up after plunge
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 rose 0.49% to 1060.62 points Friday after hitting five-month low Thursday.

The index closed 5 points higher after dropping 46 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange decreased by 41% to VND13.70 trillion ($557.59 million).

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

VIB of Vietnam International Commercial Bank led with a 4.3% rise, followed by BID of state-owned lender BIDV, up 3.6%.

GAS of state-owned Petrovietnam Gas went up 2.8% and SSI of leading brokerage SSI Securities Corporation closed 2.6% higher.

Seven blue chips fell.

VRE of retail real estate arm Vincom Retail plunged 6.9% for the second session in a row.

VHM of property giant Vinhomes continued its decline with a 6.2% drop.

Foreign investors were net seller to the tune of VND347 billion, mainly selling VHM and VRE.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 1.42% while the UPCoM-Index for the Unlisted Public Companies Market gained 0.37%.

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