The VN index returns to 1,300 points
An investor points to stock prices on a screen at a brokerage house in Ho Chi Minh City. Photo by VnExpress / Quynh Tran
Vietnam’s benchmark VN-Index climbed 0.83% to 1,309.55 points on Wednesday, but the value of the trade fell as investors remain pessimistic about a rapid recovery.
The index fluctuated around 1,300 points throughout the day and closed with a gain of almost 11 points, ending a string of three losing sessions.
The value of trades on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, fell 28% to VND 16.78 trillion ($ 736.63 million), the lowest in nearly four weeks.
The VN30 basket, comprising the 30 largest capped stocks, saw 25 tickers in the green led by power producer Petrovietnam Power Corporation’s POW with a gain of 6.6%.
It was followed by MSN of conglomerate Masan Group, up 5.1%, and GVR of Vietnam Rubber Group, up 3.5%.
SAB from brewer Sabeco and VJC from low-cost airline Vietjet both rose 3.4%. VJC has won three sessions in a row.
Other winners included TPB from private company TPBank, up 2.5%, and GAS from state-owned Petrovietnam Gas, up 1.5%.
Three blue chip stocks finished in the red, led by CTG of public lender VietinBank, down 1.8%.
The VIC of the largest private conglomerate Vingroup fell 0.8%, its fourth consecutive losing session.
Foreign investors were net sellers to the tune of VND 12 billion with the greatest pressure on VHM from real estate giant Vinhomes and HPG from steelmaker Hoa Phat Group.
The HNX stock index of the Hanoi Stock Exchange, home to mid and small caps, rose 1.27%, while the UPCoM index of the unlisted public companies market gained 0.44%.