VN-Index steadies after stormy week

By Dat Nguyen   September 29, 2023 | 04:13 am PT
VN-Index steadies after stormy week
Investors are seen at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Vietnam’s benchmark VN-Index rose 0.15% to 1,154.15 points Friday, a steady movement after plunging earlier this week.

The index closed 1.7% points higher. It has dropped nearly 39 points this week.

Trading on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, fell 12% to VND13.96 trillion ($575.20 million).

The VN30 basket, comprising the 30 largest capped stocks, saw 10 tickers gained.

VIC of private conglomerate Vingroup rose 4.1%, followed by BCM of Becamex Investment and Industrial Development with a 3.4% increase.

VRE of retail real estate arm Vincom Retail rose 2.6% and VPB of private lender VPBank closed 2.4% higher.

Fourteen blue chips fell.

CTG of state-owned lender VietinBank lost 2.6% and SSI of leading brokerage SSI Securities Corporation dropped 1.5%.

Foreign investors were net sellers to the tune of VND537 billion, mainly selling CTG and VCI of Viet Capital Securities.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.79% while the UPCoM-Index for the Unlisted Public Companies Market gained 0.38%.

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