VN-Index posts meager gains
Vietnam’s benchmark VN-Index moved up 0.32 percent to 1,389.24 points Friday, a slight recovery from the previous two sessions in the red.
An investor looks at stock prices on a smartphone at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
The index stayed in the green throughout the day and closed four points higher. It fell 0.25 percent this week after three losing sessions.
Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, rose only 2.6 percent to VND21.56 trillion ($947.97 million), showing investor reluctance near the 1,400 resistance.
The VN30 basket, comprising the 30 largest capped stocks, saw 15 tickers in the green, led by GVR of Vietnam Rubber Group with a 3.2 percent gain.
The ticker is now at its highest level in over a week.
SAB of brewer Sabeco rose 3 percent after four losing sessions in a row.
PDR of Phat Dat Real Estate Development continued its surge with a 2.4 percent rise to a new peak.
VNM of dairy giant Vinamilk rose 1.6 percent to a near one-month high.
On the other side, SSI of leading brokerage SSI Securities Corporation lost 1.3 percent, while PLX of fuel distributor Petrolimex fell 1.1 percent.
Foreign investors were net sellers for the fifth straight session with focuses on NLG of real estate developer Nam Long Investment Corp.
The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.71 percent while the UPCoM-Index for the Unlisted Public Companies Market gained 0.59 percent.