VN-Index climbs back to 1,200 points

By Dat Nguyen July 26, 2023 | 02:52 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 0.41% to 1200.84 points Wednesday, returning to this level for the first time since September.

The index closed 4.94 points higher after gaining 5.18 points on Tuesday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 10.85% to VND17.95 trillion ($758.15 million).

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

NVL of property developer Novaland Group led with a 6.2% surge, followed by POW of electricity producer Petrovietnam Power Corporation, and SAB of brewer Sabeco, both went up 2.3%.

MWG of electronics retail chain Mobile World fell 1.9% and TPB of private TPBank closed 1.1% lower.

Foreign investors were net buyers to the tune of VND401.39 billion, mainly buying HPG of steelmaker Hoa Phat Group and VHM of property giant Vinhomes.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was down 0.31% while the UPCoM-Index at the Unlisted Public Companies Market was up by 0.02%.