VN-Index hovers around six-month peak

By Dat Nguyen March 7, 2024 | 01:44 am PT

Investors look at stock prices on a laptop at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran

Vietnam's benchmark VN-Index rose 0.45% to 1,268.46 points Thursday.

The index closed 5.73 points higher after dropping 7.25 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange increased by 1% to VND25.08 trillion ($1.02 billion).

The VN-30 basket, comprising the 30 largest capped stocks, saw 18 tickers gained and 12 fell.

MSN of conglomerate Masan Group led with a 5.1% rise, followed by BCM of Becamex Investment and Industrial Development, up 4.2%.

BVH of insurance company Bao Viet Holdings rose 3.7% and PLX of fuel distributor Petrolimex closed 3.4% higher.

Ten blue chips fell. BID of state-owned lender BIDV went down 2% and HDB of HDBank dropped 1.3%.

Foreign investors were net sellers to the tune of VND133 billion, mainly selling VNM of dairy giant Vinamilk and VHM of property giant Vinhomes.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.81%, while the UPCoM-Index for the Unlisted Public Companies Market went up 0.40%.