An investor looks at stock prices on a smartphone at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Vietnam’s benchmark VN-Index surged by 1.26% to 1,283.26 points Monday as trading rose to its highest in half a month.
The index closed 15.96 points higher after dropping 2.5 points in the previous session.
Trading on the Ho Chi Minh Stock Exchange increased by 25% to VND21.64 trillion (US$833.4 million).
The VN-30 basket, comprising the 30 largest capped stocks, saw 27 tickers gained.
TCB of private lender Techcombank saw the biggest jump of 6.52%, followed by TPB of private TPBank with a 4.98% rise and GVR of Vietnam Rubber Group, up 4.88%
Two blue chips fell, namely MSN of conglomerate Masan Group, down 1.27%, and HPG of steelmaker Hoa Phat Group, which closed 0.97% lower.
Foreign investors were net seller to the tune of over VND293 billion, mainly selling VCB of state-owned lender Vietcombank and HPG.
The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 1.71%, while the UPCoM-Index for the Unlisted Public Companies Market went up 0.2%.
