An investor looks 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 0.05% to 1,246.95 points Tuesday, hovering around the lowest since Dec. 4.
The index closed 0.6 points higher after dropping 8.2 points in the previous session.
Trading on the Ho Chi Minh Stock Exchange decreased by 4% to VND13.19 trillion (US$519 million).
The VN-30 basket, comprising the 30 largest capped stocks, saw 13 tickers gained.
BID of state-owned lender BIDV led with a 4.1% rise, followed by BCM of Becamex Investment and Industrial Development, up 3.3%.
MBB of lender MB gained 2.1% and STB of Ho Chi Minh City-based lender Sacombank rose 1.8%.
Fourteen blue chips fell. GVR of Vietnam Rubber Group dropped 3.7% and SSI of brokerage SSI Securities Corporation declined by 1.4%.
Foreign investors were net sellers to the tune of VND91 billion, mainly selling VNM of dairy giant Vinamilk and NLG of real estate developer Nam Long Investment Corp.
The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 0.88%, while the UPCoM-Index for the Unlisted Public Companies Market went down 0.65%.
Asia’s shares followed Wall Street’s positive lead on Tuesday as some investors hoped U.S. President-elect Donald Trump would adopt less aggressive tariffs than previously thought when he takes office, Reuters reported.
MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.03%, while Japan’s Nikkei jumped 2%, boosted by a rally in technology stocks.
Stocks in Europe, however, looked set for a negative start after Monday’s gain.
