VN-Index rises to 15-week high

By Dat Nguyen January 8, 2024 | 02:33 am PT

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

Vietnam's benchmark VN-Index rose 0.48% to 1,160.19 points Monday, highest since Sep. 22.

The index closed 5.51 points higher after gaining 3.96 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange increased by 18% to VND19.21 trillion ($789 million).

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

BID of state-owned lender BIDV rose 4.3%, followed by TCB of the largest private lender Techcombank, up 2.7%.

CTG of state-owned lender VietinBank gained 1.9% and VRE of retail real estate arm Vincom Retail went up 1.5%.

Thirteen blue chips fell. MSN of conglomerate Masan Group dropped 1.9% and MWG of electronics retail chain Mobile World fell 1.5%.

Foreign investors were net sellers to the tune of VND249 billion, mainly selling MSN and KBC of industrial real estate developer Kinh Bac City.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.24%, while the UPCoM-Index for the Unlisted Public Companies Market went down 0.16%.