Investors look at stock prices on the screens at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Vietnam’s benchmark VN-Index rose 0.56% to 1,261.78 points Tuesday, highest since Oct. 23, while Asian markets posted mixed results.
The index closed 7.01 points higher after gaining 2.05 points in the previous session.
Trading on the Ho Chi Minh Stock Exchange increased by 73% to VND18.82 trillion (US$743 million).
The VN-30 basket, comprising the 30 largest capped stocks, saw 22 tickers gained and 8 fell.
Two banks led the gain. VIB of Vietnam International Commercial Bank went up 2.7% and HDB of HDBank increased by 2.4%.
They were followed by BCM of Becamex Investment and Industrial Development, up 2.1%, and MWG of electronics retail chain Mobile World with a 1.5% gain.
Seven blue chips closed in the red, including TPB of private TPBank with a 0.6% decline.
SSI of brokerage SSI Securities Corporation lost 0.4% and SSB of SeABank fell by 0.3%.
Foreign investors were net sellers to the tune of VND5252 billion, mainly selling VIB and VHM of property giant Vinhomes.
The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.43%, while the UPCoM-Index for the Unlisted Public Companies Market went up 0.19%.
Asian stocks were broadly mixed in volatile trading on Tuesday as investors girded for three days of tech megacap earnings reports on Wall Street, kicking off with Google parent Alphabet later in the day.
The Nikkei ended the day up 0.77%, building on its 1.82% rally in the previous session. It started the day down 0.21%.
Hong Kong’s Hang Seng was 0.5% higher, paring earlier gains of as much as 1.6%. Mainland Chinese blue chips slipped 0.75%, reversing an early rise of 0.68%. Chinese investors are focused on a top leadership meeting next week for more details of Beijing’s stimulus measures.
