VN-Index rebounds after three sessions in red
Vietnam’s benchmark VN-Index rose 1.13 percent to 1,463.63 points, ending a chain of three losing sessions.
An investor looks at stock prices on a smartphone at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
The index fluctuated in the narrow band during the morning but shot up in the last hour of trading to close 16 points higher, its biggest gain in nearly four weeks.
Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, fell 28 percent to VND26.23 trillion ($1.16 billion).
The VN30 basket, comprising the 30 largest capped stocks, saw 19 tickers in the green, led by SSI of leading brokerage SSI Securities Corporation with a 7 percent gain.
KDH of real estate firm Khang Dien House rose 5.8 percent after three losing sessions.
POW of electricity producer Petrovietnam Power Corporation gained 5.7 percent, while GVR of Vietnam Rubber Group added 5.3 percent.
Other gainers included TPB of private TPBank, up 4.7 percent, and MSN of conglomerate Masan Group, up 4.4. percent.
Nine blue chip tickers closed in the red, with BID of state-owned lender BIDV rising 1.9 percent, and HDB of HDBank gaining 1.5 percent.
CTG of state-owned lender VietinBank lost 1.2 percent.
Foreign investors were net buyers to the tune of VND226 billion. They focused on VHM of real estate giant Vinhomes and MSN.
The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.9 percent, while the UPCoM-Index for the Unlisted Public Companies Market gained 0.96 percent.