An investor looks at stock prices on a screen at a brokerage in Ho Chi Minh City. Photo by Read/Quynh Tran
Vietnam’s benchmark VN-Index rose 0.31% to 1,291.49 points Thursday, while most European and Asian markets closed in the green.
The index closed 4.01 points higher after gaining 10.49 points in the previous session.
Trading on the Ho Chi Minh Stock Exchange decreased by 4% to VND21.80 trillion (US$885 million).
The VN-30 basket, comprising the 30 largest capped stocks, saw 18 tickers gained and 12 fell.
TPB of private TPBank led with a 6.7% surge, followed by HDB of HDBank, up 3.9%, and SSB of SeABank, up 2.1%.
Nine blue chips fell, including ACB of Asia Commercial Bankm, down 0.8%, and BCM of Becamex Investment and Industrial Development, down 0.7%.
Foreign investors were net buyers to the tune of VND961 billion, mainly buying TPB of private TPBank and VNM of dairy giant Vinamilk.
The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.03%, while the UPCoM-Index for the Unlisted Public Companies Market was unchanged.
Globally European shares followed Asia higher on Thursday, driven by news of aggressive economic stimulus from China and a fall in oil prices on a report that Saudi Arabia is preparing to abandon its unofficial price target of $100 a barrel, Reuters reported.
Europe’s Stoxx 600 jumped 1% in early trading, closing in on August’s all-time high, while Chinese onshore bluechips and Hong Kong’s Hang Seng Index were both up over 4%.
Japan’s Nikkei Index added 2.79% while Hong Kong’s Hang Seng Index jumped 4.16%.
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