VN-Index hits another new peak
VN-Index hits another new peak
Vietnam’s benchmark VN-Index rose 0.75 percent to 1,473.37 points Friday, a new peak, with retail, banking and technology stocks leading gains.
An investor looks at stock prices on a screen at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran |
The index traded in a narrow band throughout the day and surged in the last minutes, closing 11 points higher.
After plunging in mid-July due to the spread of Covid-19, the index has gained 15.5 percent and repeatedly secured new peaks this month.
Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, fell 30 percent to VND26.53 trillion ($1.17 billion).
The VN30 basket, comprising the 30 largest capped stocks, saw 19 tickers gaining, led by PNJ of Phu Nhuan Jewelry with 5.2 percent.
The ticker is now at a new peak, having risen nearly 43 percent this year.
CTG of state-owned lender VietinBank rose 2.3 percent. It was also the biggest contributor to VN-Index’s gain this session, pushing it up by 0.9 points.
FPT of IT giant FPT Corporation rose 2.1 percent, continuing sideways.
Other gainers included TCB of the largest private lender Techcombank, up 1.9 percent, and MSN of conglomerate Masan Group, up 1.8 percent.
Nine blue chip tickers fell, with GVR of Vietnam Rubber Group losing 1.2 percent.
Foreign investors were net buyers to the tune of VND213 billion, with the highest demand for CTG and MSN.
The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.66 percent while the UPCoM-Index for the Unlisted Public Companies Market went up 1.33 percent.
