Vietnam’s benchmark VN-Index experienced a notable increase of 0.68% on Wednesday, reaching 1,250.37 points. This marks a positive trend to kick off the month, as the index continues its three-day upward trajectory.
The VN-Index closed 8.42 points higher, following a previous gain of 1.9 points. Despite this rise, trading activity on the Ho Chi Minh Stock Exchange saw a decline of 3.4% from the previous session, totaling VND17.2 trillion (approximately USD 662.6 million).
Within the VN-30 basket, which includes the 30 largest stocks by market capitalization, 14 companies reported positive gains.
Conversely, several blue-chip stocks stumbled:
Amidst these fluctuations, foreign investors emerged as net buyers, investing approximately VND900 billion. Top purchases included shares from Dat Xanh Group (DXG) and Nam Long Investment Corp (NLG), indicating strong interest in the real estate market.
In parallel, the HNX-Index for mid and small-cap stocks on the Hanoi Stock Exchange rose by 0.55%, while the UPCoM-Index dipped slightly by 0.02%.
The steady increase in the VN-Index reflects a robust sentiment in the market, which could encourage further investments in various sectors, including retail and real estate. As consumer demand continues to surge, brands are expected to expand their presence while adapting to emerging consumer trends.
1. What is the current status of the VN-Index? The VN-Index has risen 0.68% to 1,250.37 points, marking its third consecutive gain.
2. Which stocks contributed to the VN-Index’s rise? Key performers include Vingroup (VIC), Bao Viet Holdings (BVH), and Vietnam Rubber Group (GVR), all showing significant increases.
3. How are foreign investors participating in the market? Foreign investors were net buyers, investing around VND900 billion, with a focus on stocks from Dat Xanh Group and Nam Long Investment Corp.
