VN-Index reaches 19-month high

By Dat Nguyen March 26, 2024 | 02:07 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 1.13% to 1,282.21 points Tuesday, highest since Aug. 16, 2022.

The index closed 14.35 points higher after falling 13.94 points Tuesday.

Trading on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, fell 25% to VND21.89 trillion (883 million).

The VN30 basket, comprising the 30 largest capped stocks, saw 26 tickers gained.

GVR of Vietnam Rubber Group surged 6.27%, followed by VPB of private lender VPBank, up 3.70%.

HDB of HDBank went up 2.76% and TCB of private lender Techcombank closed 2.57% higher.

Two blue chips fell. MSN of conglomerate Masan Group dropped 1.99% and SAB of brewer Sabeco closed 0.18% lower.

Foreign investors were net sellers to the tune of VND175 billion, mainly selling VND of brokerage VNDirect and MWG of electronics retail chain Mobile World.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.51% while the UPCoM-Index for the Unlisted Public Companies Market gained 0.12%.