VN-Index rises to 7-week high

By Dat Nguyen May 29, 2023 | 01:11 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 1.05% to 1074.98 points Monday, highest in seven weeks.

The index closed 11.22 points higher after losing 0.87 points on Friday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 26.6% to VND13.79 trillion ($587.58 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 23 tickers gain.

GVR of Vietnam Rubber Group led with a 5.8% rise, followed by SSI of leading brokerage SSI Securities Corporation, up 3.8%.

TPB of private TPBank rose 2.7% and PDR of Phat Dat Real Estate Development gained 2.2%.

Only two blue chips fell. MSN of conglomerate Masan Group lost 0.6% and SAB of brewer Sabeco closed 0.1% lower.

Foreign investors were net buyers to the tune of VND125.43 billion, mainly buying KBC of industrial real estate developer Kinh Bac City and STB of Ho Chi Minh City-based lender Sacombank.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 1.23% while the UPCoM-Index at the Unlisted Public Companies Market was up by 0.68%.