VN-Index firm at 9-month high

By Dat Nguyen June 28, 2023 | 01:04 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 0.35% to 1,138.35 points Wednesday in its seventh session in the green, standing firm at the highest since Sep. 28 last year.

The index closed 4.02 points higher after gaining 2.30 points on Tuesday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 22.13% to VND17.93 trillion ($761.12 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 16 tickers gain.

NVL of property developer Novaland Group led with a 4% rise, followed by HPG of steelmaker Hoa Phat Group, up 3.1%.

MBB of lender MB went up 3% and BID of state-owned lender BIDV closed 2.4% higher.

Thirteen blue chips fell. GVR of Vietnam Rubber Group lost 1.5% and BCM of Becamex Investment and Industrial Development dropped 1.2%.

Foreign investors were net buyers to the tune of VND74.21 billion, mainly buying HPG and SHS of Saigon – Hanoi Securities.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was down 0.25% while the UPCoM-Index at the Unlisted Public Companies Market was up by 0.40%.