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 1.12% to 1,240.05 points Monday, its highest in three weeks, as the new KRX trading system went into operation.
The new system, built in collaboration with the Korean Stock Exchange, officially went live after more than 10 years of preparation, bringing several changes to the priority of different order types, rules for order modification and cancellation, and trading hours for restricted stocks.
The benchmark index closed 13.75 points higher after dropping 0.5 points in the previous session.
Trading on the Ho Chi Minh Stock Exchange fell by 7.6% to VND14.352 trillion (US$552.9 million).
The VN-30 basket, comprising the 30 largest capped stocks, saw 19 tickers gained.
VRE of retail real estate arm Vincom Retail rose 5.29%, GVR of Vietnam Rubber Group went up 4.85%, and BCM of Becamex Investment and Industrial Development closed 4.55% higher.
Seven blue chips fell. LPB of Fortune Vietnam Bank slipped 1.23%, VNM of dairy giant Vinamilk dropped 1.22%, and HDB of HDBank was down 1.17%.
Foreign investors were net buyer to the tune of VND126 billion, mainly buying VRE and MSN of conglomerate Masan Group.
The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 1.24%, while the UPCoM-Index for the Unlisted Public Companies Market went down 0.05%.
