An investor looks at stock prices on a smartphone at a brokerage in Ho Chi Minh City. Photo by Read/Quynh Tran
Vietnam’s benchmark VN-Index rose 0.46% to 1,264.48 points Thursday, closing October with a 1.79% drop, while Asian markets declined slightly for the day.
The index ended the day 5.85 points higher after dropping 3.15 points in the previous session.
Trading on the Ho Chi Minh Stock Exchange increased by 42% to VND18.05 trillion (US$714 million).
The VN-30 basket, comprising the 30 largest capped stocks, saw 18 tickers gained.
CTG of state-owned lender VietinBank went up 2.7% and VCB of state-owned lender Vietcombank closed 2.1% higher.
VIC of private conglomerate Vingroup went up 1.3% and ACB of Asia Commercial Bank gained 1.2%.
Ten blue chips fell, including MSN of conglomerate Masan Group and VRE of retail real estate arm Vincom Retail, both down 1.9%.
Foreign investors were net seller to the tune of VND1.67 trillion.
They mainly net sold MSN of conglomerate Masan Group and VHM of property giant Vinhomes.
The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.22%, while the UPCoM-Index for the Unlisted Public Companies Market went down 0.09%.
Asian stocks slid on Thursday as chip-sector stocks tracked overnight declines by Wall Street peers, while Facebook owner Meta Platforms, and Microsoft both warned of accelerating costs for artificial intelligence.
Japan’s Nikkei share average ended the day down 0.5%. South Korea’s Kospi dropped 1.5%.
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