VN-Index steadies at highest level since October

By Dat Nguyen January 4, 2024 | 02:00 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 0.57% to 1,150.72 points Thursday as it remained at the highest since Oct. 13.

The index closed 6.55 points higher after gaining 12.45 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange increased by 72% to VND25.29 trillion ($1.04 billion).

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

MBB of lender MB led with a 5% rise, followed by CTG of state-owned lender VietinBank, up 3.6%.

TPB of private TPBank went up 2.6% and HDB of HDBank closed 2% higher.

Five blue chips fell, including MSN of conglomerate Masan Group, down 1.2%, and BCM of Becamex Investment and Industrial Development, down 1.1%.

Foreign investors were net sellers to the tune of VND21 billion, mainly selling NCG of food producer Nova Consumer and VHM of property giant Vinhomes.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.40%, while the UPCoM-Index for the Unlisted Public Companies Market went down 0.15%.