VN-Index surges

By Dat Nguyen January 19, 2024 | 01:30 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 1.06% to 1,181.50 points Friday, highest since Sep. 22.

The index closed 12.44 points higher after gaining 6.53 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange increased by 12% to VND14.80 trillion ($602.85 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 26 tickers gained.

BID of state-owned lender BIDV led with a 4.9% rise, followed by CTG of state-owned lender VietinBank, up 3.5%.

MSN of conglomerate Masan Group rose 2.1% and GAS of state-owned Petrovietnam Gas went up 1.9%.

Three blue chips fell. SSI of leading brokerage SSI Securities Corporation and VHM of property giant Vinhomes both lost 0.3% while VIC of private conglomerate Vingroup went down 0.1%.

Foreign investors were net buyers to the tune of VND179 billion, mainly buying MWG of electronics retail chain Mobile World and HPG of steelmaker Hoa Phat Group.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 0.19%, while the UPCoM-Index for the Unlisted Public Companies Market went up 0.35%.