VN-Index inches up

By Dat Nguyen November 21, 2023 | 02:21 am PT

An investor looks 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 0.62% to 1,110.46 points Tuesday afternoon.

The index closed 6.8 points higher after gaining 2.5 points Monday.

Trading on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, fell 12% to VND14.88 trillion ($616.66 million).

The VN30 basket, comprising the 30 largest capped stocks, saw 22 tickers gained.

BID of state-owned lender BIDV led with a 1.9% increase, followed by MSN of conglomerate Masan Group, up 1.6%.

HPG of steelmaker Hoa Phat Group went up 1.5% and FPT of IT giant FPT Corporation closed 1.3% higher.

Five blue chips fell. BCM of Becamex Investment and Industrial Development dropped 2% and TPB of private TPBank closed 0.9% lower.

Foreign investors were net sellers to the tune of VND567 billion, mainly selling VPB of private lender VPBank and VNM of dairy giant Vinamilk.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.89% while the UPCoM-Index for the Unlisted Public Companies Market gained 0.10%.