An investor looks at stock prices on the screens at a brokerage in Ho Chi Minh City. Photo by VnExpress/An Khuong
Vietnam’s benchmark VN-Index jumped 1.65% to 1,509.54 points Tuesday, highest since April 2022.
The index closed 24.5 points higher after dropping 12.2 points Monday.
VN-Index exceeded the psychological 1,500 level for the first time in over three years thanks to a strong recovery in recent weeks, driven by lower U.S. tariffs for many countries and de-escalating geopolitical tension.
Trading on the Ho Chi Minh Stock Exchange, on which the index is based, dropped 4.7% to VND33.73 trillion (US$1.29 billion).
The VN30 basket, comprising the 30 largest capped stocks, saw 26 tickers in the green.
VJC of budget airline Vietjet led with a 6.9% jump, followed by VIC of private conglomerate Vingroup, up 4.9%.
HDB of HDBank gained 3.9% and VHM of property giant Vinhomes closed 3.8% higher.
Two blue chips dropped. GVR of Vietnam Rubber Group fell 0.5% and TCB of private lender Techcombank closed with a 0.3% decline.
Foreign investors were net sellers to the tune of VND1.87 trillion, mainly selling VJC and SSI of brokerage SSI Securities Corporation.
The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, gained 0.84% while the UPCoM-Index for the Unlisted Public Companies Market fell 0.24%.
