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VN-Index inches up on sideways movement

Created 15 October 2021
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Vietnam’s benchmark VN-Index gained 0.06 percent to 1,392.70 points Friday, continuing its sideways movement as investors keep watch near the 1,400 range.

VN-Index inches up on sideways movement

The index closed 0.85 points higher, ending a week with four sessions of marginal change.

Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, fell 0.1 percent to VND22.09 trillion ($971.29 million).

The VN30 basket, comprising the 30 largest capped stocks, was dominated by red, with VJC of budget airline Vietjet losing 2 percent.

PDR of Phat Dat Real Estate Development fell 1.8 percent, while POW of electricity producer Petrovietnam Power Corporation rose 1.6 percent.

HDB of HDBank dropped 1.2 percent while MSN of conglomerate Masan Group fell 0.8 percent.

On the winning side, TPB of private TPBank gained 3 percent to a new peak, while SAB of brewer Sabeco rose 1.8 percent.

Foreign investors were net buyers to the tune of VND83 billion, with strongest pressure on HSG of steelmaker Hoa Sen Group and VHM of real estate giant Vinhomes.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, stayed unchanged, while the UPCoM-Index for the Unlisted Public Companies Market rose 0.16 percent.

 

Source: VNE

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