VN-Index inches up after plunge

Created 14 June 2022
  • PDF
Editor Choice
Share
(0 votes, average 0 out of 5)

Vietnam’s benchmark VN-Index rose 0.27 percent to 1,230.31 points Tuesday with trading value seeing a double-digit drop.

VN-Index inches up after plunge

The index stayed in the red for the morning but regained growth minutes before lunch.

It closed 3.27 points higher after plummeting over 57 points on Monday.

Trading value on the Ho Chi Minh Stock Exchange, on which the index is based, dropped 21.6 percent to VND14.52 trillion ($625.3 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 16 tickers in the green, led by GAS of Petrovietnam Gas with a 6.8 percent gain.

FPT of IT giant FPT Corp gained 3.4 percent, while PNJ of Phu Nhuan Jewelry rose 3.3 percent.

Other winners included BVH of insurance company Bao Viet Holdings and PLX of fuel distributor Petrolimex, both up 2.6 percent.

Eleven blue chips fell, with SSI falling 6.2 percent to the lowest since last May.

HPG also hit a 16-month low with a 4.7 percent drop.

TPB of private lender TPBank lost 4.2 percent, and MSN of conglomerate Masan Group closed 2.5 percent lower.

Foreign investors were net buyers to the tune of VND307.40 billion, focusing on GAS and HPG.

The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 0.59 percent while the UPCoM-Index at the Unlisted Public Companies Market rose by 0.07 percent.

 

Source: VNE

Maybe You Also Interesting :

» Eximbank profits triple in Q3

Lender Eximbank has more than tripled profits year-on-year for the third quarter to over VND1.278 ($51.5 million).

» Vietnam auto production ranks 4th in Southeast Asia

Vietnam ranks fourth in Southeast Asia in auto production in the first 10 months at 362,000 units, up 16.4% year-on-year, according to the General Statistics...

» Unilever Vietnam implements approaches towards net zero future

Unilever has started a range of programs and initiatives for a net zero value chain by 2039, contributing to Vietnam government's net zero carbon emissions...