VN-Index at one-year high of 1,000 points
Viet Nam’s benchmark VN-Index was lifted above the 1,000-point level on Wednesday morning, driven by “Vin” stocks.
The VN-Index on the Ho Chi Minh Stock Exchange was up 0.51 per cent to 1,000.85 points – its highest since November 20, 2019.
The index has gained total 5.26 per cent in seven consecutive days since November 17.
More than 289 million shares were traded on the southern market, worth VND6.66 trillion (US$286.5 million).
“Vin” stocks were the main driving factor of the market on Wednesday morning.
Vingroup (VIC) rose 1.7 per cent, Vinhomes (VHM) was up 1.3 per cent, and Vincom Retail (VRE) increased by 1.4 per cent.
The growth of the “Vin” companies boosted the property sector index 1.2 per cent, according to vietstock.vn.
Bank shares also performed well with Vietinbank (CTG), VPBank (VPB) and Bank for Investment and Development of Viet Nam (BID) rising 1.1-3.3 per cent.
The large-cap tracker VN30-Index edged up 0.22 per cent to 961.74 points.
The mid-cap was down 0.05 per cent while the small-cap index was up 0.14 per cent.
On the Ha Noi Stock Exchange, the HNX-Index slid 0.09 per cent to 147.46 points.
The northern market index fell 0.40 per cent on Tuesday.
More than 48 million shares were traded on Ha Noi’s market, worth VND647.2 billion.
The afternoon trading session starts at 1pm.