VN-Index breaks losing streak

By Dat Nguyen September 27, 2023 | 01:01 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 1.40% to 1,153.85 points Wednesday after closing in the red in four straight sessions.

It rose 15.9 points after losing 15.2 points Tuesday.

Trading on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, fell 16% to VND18.19 trillion ($746.18 million).

The VN30 basket, comprising the 30 largest capped stocks, saw 27 tickers gained.

SSI of leading brokerage SSI Securities Corporation led with a 6.8% rise, followed by GVR of Vietnam Rubber Group, up 4.7%.

MSN of conglomerate Masan Group rose 4.1% and SHB of Saigon Hanoi Commercial Bank closed 2.8% higher.

Two blue chips fell. SAB of brewer Sabeco dropped 1.6% and PLX of fuel distributor Petrolimex closed with a 1.5% decline.

Foreign investors were net buyers for the third straight session to the tune of VND310 billion, mainly buying GEX of electrical equipment maker Gelex Group and GAS of state-owned Petrovietnam Gas.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 2.65% while the UPCoM-Index for the Unlisted Public Companies Market gained 0.34%.