VN-Index recovers marginally

By Dat Nguyen November 20, 2023 | 02:01 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 0.22% to 1,1033.66 points Monday morning.

The index closed 2.5 points higher after plunging 24.3 points Friday.

Trading on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, fell 30% to VND16.97 trillion ($701.67 million).

The VN30 basket, comprising the 30 largest capped stocks, saw 14 tickers fell.

MWG of electronics retail chain Mobile World dropped 2.1%, followed by MBB of lender MB and SAB of brewer Sabeco, both fell 1.1%.

Ten blue chips gained, led by SSI of leading brokerage SSI Securities Corporation, up 2.9%, and GVR of Vietnam Rubber Group, which closed 2.8% higher.

Foreign investors were net buyers to the tune of VND465 billion, mainly selling VRE of retail real estate arm Vincom Retail and VNM of dairy giant Vinamilk.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, gained 0.54%, while the UPCoM-Index for the Unlisted Public Companies Market rose 0.13%.