VN-Index surges to 4-month high

By Dat Nguyen June 2, 2023 | 12:45 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 1.15% to 1090.84 points Friday, highest since Jan. 31, with a surge in trade value.

The index closed 12.45 points higher after gaining 3.22 points on Thursday.

Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 32% to VND18.35 trillion ($781.52 million).

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

VIB of Vietnam International Commercial Bank led with a 7% rise, followed by TCB of the largest private lender Techcombank, up 6.3%, and MBB of lender MB, up 4.8%.

MWG of electronics retail chain Mobile World rose 3.8% and SSI of leading brokerage SSI Securities Corporation closed 2.8% higher.

Four blue chips fell, including VJC of budget airline Vietjet with a 0.7% decline.

Foreign investors were net sellers to the tune of VND223.43 billion, mainly selling VPB of private lender VPBank and VNM of dairy giant Vinamilk.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 0.92% while the UPCoM-Index at the Unlisted Public Companies Market was up by 0.54%.