VN-Index nears 12-month high

By Dat Nguyen September 12, 2023 | 12:34 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 1.78% to 1,245.44 points Tuesday morning, highest since September 15 last year.

The index closed 21.81 points higher after falling 17.85 points on Monday.

Trading on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, plunged 28% to VND22.99 trillion ($953.84 million).

The VN30 basket, comprising the 30 largest capped stocks, saw all tickers closed in the green.

SSI of leading brokerage SSI Securities Corporation led with a 6.9% rise, followed by GVR of Vietnam Rubber Group, up 4.4%.

VJC of budget airline Vietjet went up 2.9% and VRE of retail real estate arm Vincom Retail closed 2.8% higher.

Foreign investors were net buyers to the tune of VND146 billion, mainly buying PDR of Phat Dat Real Estate Development and SSI.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 1.99% while the UPCoM-Index for the Unlisted Public Companies Market gained 0.60%.