An investor looks at stock prices on a screen at a brokerage in Ho Chi Minh City. Photo by VnExpress/An Khuong
Vietnam’s benchmark VN-Index rose 0.79% Tuesday, maintaining its steady recovery after last month’s historic plummet.
The index closed 10 points higher. It has risen 18% from an 18-month low in early April when U.S. President Donald Trump announced steep reciprocal tariffs on most trading partners.
Trading on the Ho Chi Minh Stock Exchange, on which the index is based, jumped 10% to VND23.90 trillion (US$921 million).
The VN30 basket, comprising the 30 largest capped stocks, saw 20 tickers gaining.
MWG of electronics retail chain Mobile World led with a 4.4% increase, followed by CTG of state-owned lender VietinBank, up 4.1%.
MBB of lender MB rose 2.9% and GVR of Vietnam Rubber Group closed 2.5% higher.
Nine blue chips fell. SSB of SeABank dropped 1.6% and TPB of private TPBank closed 1.1% lower.
Foreign investors were net buyers to the tune of VND977 billion, mainly buying VCB of state-owned lender Vietcombank and STB of Ho Chi Minh City-based lender Sacombank.
The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, gained 0.78% while the UPCoM-Index for the Unlisted Public Companies Market rose 1.03%.
