VN-Index inches closer to four-month peak

By Dat Nguyen   January 18, 2024 | 03:41 am PT
VN-Index inches closer to four-month peak
An investor looks at stock prices on a screen at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Vietnam's benchmark VN-Index rose 0.56% to 1,169.06 points Thursday, highest since Sep. 22.

The index closed 6.53 points higher after dropping 0.59 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange decreased by 21% to VND13.197 trillion ($537.34 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 20 tickers gained and 10 fell.

VHM of property giant Vinhomes led with a 3.1% rise, followed by MWG of electronics retail chain Mobile World, up 2.1%.

BID of state-owned lender BIDV gained 1.4% and CTG of state-owned lender VietinBank closed 1.1% higher.

Five blue chips fell, including GVR of Vietnam Rubber Group with a 0.5% drop.

Foreign investors were net buyers to the tune of VND59 billion, mainly buying MWG and VHM.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.19%, while the UPCoM-Index for the Unlisted Public Companies Market went up 0.23%.

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