VN-Index reaches 8-month high

By Dat Nguyen   June 13, 2023 | 12:47 am PT
Vietnam’s benchmark VN-Index rose 0.58% to 1,122.46 points Tuesday, highest since Sep. 30 last year.

The index closed 6.44 points higher after gaining 8.49 points on Monday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 14.22% to VND17.44 trillion ($742.16 million).

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

NVL of property developer Novaland Group led with a 6.8% increase, followed by VHM of property giant Vinhomes, up 2.3%.

HPG of steelmaker Hoa Phat Group went up 2% and BID of state-owned lender BIDV closed 1.6% higher.

Ten blue chips fell.

TPB of private TPBank fell 1.4% and BCM of Becamex Investment and Industrial Development lost 0.7%.

Foreign investors were net buyers to the tune of VND177.19 billion, mainly buying HPG and MSN of conglomerate Masan Group.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 0.38% while the UPCoM-Index at the Unlisted Public Companies Market was up by 0.56%.

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