VN-Index steadies at 15-week high

By Dat Nguyen January 11, 2024 | 01:49 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 0.06% to 1,162.22 points Thursday, highest since Sept. 22.

The index closed 0.68 points higher after gaining 2.95 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange decreased by 17% to VND17.32 trillion ($707 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 20 tickers gained and 10 fell.

BVH of insurance company Bao Viet Holdings went up 3.7%, followed by POW of electricity producer Petrovietnam Power Corporation, up 2.2%.

BCM of Becamex Investment and Industrial Development rose 2% and PLX of fuel distributor Petrolimex closed 1.7% higher.

Seven blue chips fell. BID of state-owned lender BIDV and GVR of Vietnam Rubber Group both lost 1.9%.

Foreign investors were net buyers to the tune of VND149 billion, mainly buying STB of Ho Chi Minh City-based lender Sacombank and IDC of construction firm Idico Corporation.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.56%, while the UPCoM-Index for the Unlisted Public Companies Market went up 0.47%.