VN-Index posts biggest gain in 5 months

By Dat Nguyen August 24, 2023 | 01:30 am PT

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

Vietnam’s benchmark VN-Index rose 16.83 points, or 1.44%, to 1,189.39 points Thursday, its biggest increase since March 15.

Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 8.67% to VND18.47 trillion ($769.59 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 26 tickers gain.

FPT of IT giant FPT Corporation and SSI of leading brokerage SSI Securities Corporation led the rise, both with a 5.3% increase.

MSN of conglomerate Masan Group went up 3.2% and GVR of Vietnam Rubber Group closed 3.1% higher.

Three blue chips fell.

VIC of private conglomerate Vingroup dropped 1.2% and BCM of Becamex Investment and Industrial Development closed 1% lower.

BVH of insurance company Bao Viet Holdings lost 0.2%.

Foreign investors were net buyers to the tune of VND232.80 billion mainly buying VNM of dairy giant Vinamilk and VHM of property giant Vinhomes.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 2.17% while the UPCoM-Index at the Unlisted Public Companies Market was up 1.63%.