VN-Index returns to near four-month peak

By Dat Nguyen January 16, 2024 | 02:04 am PT

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

Vietnam's benchmark VN-Index rose 0.78% to 1,163.12 points Tuesday, bouncing back to the highest since Sept. 22 after a slight drop last week.

The index closed 9 points higher after dropping 0.58 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange increased by 4% to VND13.13 trillion ($535.26 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 21 tickers gained.

MWG of electronics retail chain Mobile World led with a 3.3% rise, followed by HPG of steelmaker Hoa Phat Group, up 2.6%.

VHM of property giant Vinhomes went up 2.5% and MSN of conglomerate Masan Group closed 2.3% higher.

Four blue chips dropped. SSB of SeABank fell 1.5% and TCB of the largest private lender Techcombank closed 0.4% lower.

Foreign investors were net buyers to the tune of VND147 billion, mainly buying MWG of electronics retail chain Mobile World and STB of Ho Chi Minh City-based lender Sacombank.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.86%, while the UPCoM-Index for the Unlisted Public Companies Market went up 0.48%.