An investor looks at stock prices on smartphone at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Vietnam’s benchmark VN-Index rose 0.42% to 1,262.76 points Monday while global stocks rose.
The index closed 5.26 points higher after gaining 2.83 points in the previous session.
Trading on the Ho Chi Minh Stock Exchange decreased by 9% to VND12.305 trillion (US$483.5 million).
The VN-30 basket, comprising the 30 largest capped stocks, saw 19 tickers gained.
BVH of insurance company Bao Viet Holdings saw the biggest rise of 3.7%, STB of Sacombank grew 1.9%, and SSB of SeABank went up 1.5%.
Seven blue chips fell. SSI of brokerage SSI Securities Corporation slid 1.5%, VNM of dairy giant Vinamilk closed 0.9%, and POW of electricity producer Petrovietnam Power Corporation closed 0.8% lower.
Foreign investors were net seller to the tune of VND275 billion, mainly selling FPT of IT giant FPT Corporation and VCB of state-owned lender Vietcombank.
The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.64%, while the UPCoM-Index for the Unlisted Public Companies Market went up 0.31%.
Global shares were boosted on Monday by a U.S. inflation reading offering some hope for further policy easing next year, along with relief that Washington had averted a government shutdown, Reuters reported.
The MSCI All-World index, which has gained 16% this year, was up 0.2% on the day.
European markets have come under fire in the past few weeks, as investors have doubled down on their holdings of U.S. equities and the dollar.
The STOXX 600, which was 0.15% lower, is heading for a 4% fall this quarter, its worst quarterly performance in 2-1/2 years, compared with a 3% gain in the S&P 500.
In Asia, Japan’s Nikkei gained 1.2%, while the Topix automaker index climbed 1.3% helped by signs of progress in a potential merger between Honda and Nissan.
