VN-Index bounces back to 10-month high

By Dat Nguyen August 4, 2023 | 01:53 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 1.24% to 1225.98 points Friday as it remained in the highest level since Sep. 16.

The index closed 15.03 points higher after losing 9.48 points on Thursday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 6.92% to VND23.09 trillion ($972.42 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 22 tickers gain.

VIC of private conglomerate Vingroup gained 6.9%, followed by NVL of property developer Novaland Group with a 6.7% rise.

PDR of Phat Dat Real Estate Development gained 4.9% and VHM of property giant Vinhomes went up 4.8%.

Seven blue chips fell, including SAB of brewer Sabeco and VCB of state-owned lender Vietcombank, both with a 0.6% drop.

Foreign investors were net buyers to the tune of VND166.09 billion, mainly buying GMD of logistics company Gemadept Corp and MSN of conglomerate Masan Group.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 1.10% while the UPCoM-Index at the Unlisted Public Companies Market was up by 0.74%.