An investor looks at stock prices on the screens at a brokerage in Ho Chi Minh City. Photo by Read/Quynh Tran
Vietnam’s benchmark VN-Index rose 0.60% to 1,242.13 points Tuesday, highest in two weeks, while most Asian markets closed lower.
The index closed 7.43 points higher after gaining 6.60 points in the previous session.
Trading on the Ho Chi Minh Stock Exchange increased by 11% to VND13.30 trillion (US$523 million).
The VN-30 basket, comprising the 30 largest capped stocks, saw 25 tickers gained.
MWG of electronics retail chain Mobile World led with a 1.7% rise, followed by POW of electricity producer Petrovietnam Power Corporation, up 1.6%.
BID of state-owned lender BIDV gained 1.5% and HDB of HDBank closed 1.4% higher.
Two blue chips fell. VHM of property giant Vinhomes dropped 0.7% and PLX of fuel distributor Petrolimex closed 0.4% lower.
Foreign investors were net buyers for the third straight session to the tune of VND235 billion.
They mainly net bought FPT of IT giant FPT Corporation and DPM of Petrovietnam Fertilizer & Chemicals Corporation.
The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.65%, while the UPCoM-Index for the Unlisted Public Companies Market went up 0.26%.
Asian shares mostly declined on Tuesday as worries spread over President-elect Donald Trump’s comment that he plans to impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office, AP reported.
Japan’s benchmark Nikkei 225 dropped 0.9% to 38,442.00. Australia’s S&P/ASX 200 lost 0.7% to 8,359.40.
South Korea’s Kospi dipped 0.6% to 2,520.36. Hong Kong’s Hang Seng was little changed, inching up less than 0.1% to 19,158.76, while the Shanghai Composite gained 0.1% to 3,261.12.
Comments are closed.