On Thursday, Vietnam’s principal stock index, VN-Index, concluded trading at an unprecedented high of 1,909.01 points. This represented a 0.94% increase from the previous day’s closing figure. Trading activity on the Ho Chi Minh Stock Exchange, which is the platform where the index is listed, surged by 26%, amounting to a total value of VND30 trillion (US$1.14 billion).
In the VN30 index, which represents the 30 most significant capped stocks, 13 stocks registered gains. Leading the pack were STB of the Ho Chi Minh City-based Sacombank and VHM of the real estate titan Vinhomes, each recording a substantial 7% increase. Other notable gainers included LPB of Fortune Vietnam Bank, which climbed 3.6%, and HDB of HDBank, which closed 3.4% higher.
However, not all stocks shared in these gains. Thirteen stocks in the VN30 index ended the day in negative territory, with the most significant drop being GAS of state-owned Petrovietnam Gas, which fell by 4%. Other significant losses were registered by DGC of Duc Giang Chemicals Group, which slipped 3.4%, and PLX of fuel distributor Petrolimex, which ended the day 3.3% lower.
For the eleventh consecutive trading session, foreign investors were net sellers, offloading VND311 billion worth of stocks. Among the stocks most sold by these investors were FPT of tech behemoth FPT Corporation, ACB of Asia Commercial Bank, and KDH of property company Khang Dien House.
The HNX-Index, representing stocks on the Hanoi Stock Exchange, which is home to mid and small cap stocks, fell by 0.28%. On the other hand, the UPCoM-Index for the Unlisted Public Companies Market finished the day 0.42% higher.
What was the closing figure for Vietnam’s VN-Index on Thursday?
The VN-Index closed at 1,909.01 points on Thursday, marking a new peak.
Which stocks led gains on the VN-Index?
STB of Sacombank and VHM of Vinhomes led the gains, each with a 7% increase.
What was the performance of foreign investors on the VN-Index?
Foreign investors were net sellers for the 11th consecutive session, selling off VND311 billion.
