VN-Index firm at 9-month high

By Dat Nguyen   July 7, 2023 | 02:52 am PT
Vietnam’s benchmark VN-Index rose 1.05% to 1138.07 points Friday, highest since September 28.

The index closed 11.85 points higher after losing 8.4 points on Thursday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 11.31% to VND16.50 trillion ($697.53 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 20 tickers gain.

MWG of electronics retail chain Mobile World led with a 5.3% surge, followed by VCB of state-owned lender Vietcombank, up 4.3%.

GVR of Vietnam Rubber Group gained 2.7% and PDR of Phat Dat Real Estate Development closed 2.4% higher.

Seven blue chips fell.

SAB of brewer Sabeco lost 1.6% and MSN of conglomerate Masan Group fell 1.1%.

Foreign investors were net sellers to the tune of VND1.36 trillion ($57.49 million). They focused on selling EIB of private lender Eximbank, VHM of property giant Vinhomes and KDC of food producer KIDO Group.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 0.33% while the UPCoM-Index at the Unlisted Public Companies Market was down by 0.51%.

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