VN-Index inches up

By Dat Nguyen August 2, 2023 | 02:49 am PT

An investor looks at stock prices on the screens at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran

Vietnam’s benchmark VN-Index rose 0.24% to 1220.43 points Wednesday, still hovering around a 10-month peak.

The index closed 2.87 points higher after losing 5.34 points on Tuesday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 27.10% to VND19.16 trillion ($807.06 million).

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

NVL of property developer Novaland Group gained 3.15, followed by PDR of Phat Dat Real Estate Development with a 2.6% increase.

CTG of state-owned lender VietinBank went up 2.1% and BID of state-owned lender BIDV closed 1.9% higher.

MSN of conglomerate Masan Group dropped 1.7% and BCM of Becamex Investment and Industrial Development closed 1.4% lower.

Foreign investors were net buyers to the tune of VND162.97 billion, mainly buying MSB of Vietnam Maritime Commercial Bank and CTG of state-owned lender VietinBank.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 0.82% while the UPCoM-Index at the Unlisted Public Companies Market was up by 0.70%.