VN-Index surges to four-week peak

By Dat Nguyen November 15, 2023 | 12:36 am PT

An investor looks at stock prices on the screens at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran

Vietnam's benchmark VN-Index rose 1.15% to 1,122.50 points Wednesday, highest since Oct. 16.

The index closed 12.77 points higher after gaining 9.66 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange increased by 15% to VND19.65 trillion ($809.28 million).

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

MSN of conglomerate Masan Group led with a 5.1% rise, followed by BCM of Becamex Investment and Industrial Development, up 3.3%.

BID of state-owned lender BIDV closed 2.7% higher and VNM of dairy giant Vinamilk went up 2.6%.

Two blue chips fell. POW of electricity producer Petrovietnam Power Corporation lost 0.8% and FPT of IT giant FPT Corporation inched down 0.2%.

Foreign investors were net buyers to the tune of VND245 billion, mainly buying VHM of property giant Vinhomes and MWG of electronics retail chain Mobile World.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.20%, while the UPCoM-Index for the Unlisted Public Companies Market went up 0.37%.