VN-Index hits new all-time high

An investor looks at stock prices on a smartphone at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran

Vietnam’s benchmark VN-Index rose 0.33% to close at a record high of 1,927.94 points on Monday.

Trading on the Ho Chi Minh Stock Exchange, where the index is based, increased by 16% to over VND26.5 trillion (US$1 billion).

The VN-30 basket, comprising the 30 largest capped stocks, saw 13 tickers gained, with PLX of fuel distributor Petrolimex hitting ceiling price.

BID of state-owned lender BIDV rose 5.5% and BSR of Binh Son Refining and Petrochemical saw a 5.4% gain.

Sixteen bluechips fell. MWG of electronics retail chain Mobile World closed 3.7% lower, VRE of retail real estate arm Vincom Retail dropped 2.6% and VHM of property giant Vinhomes was down 2.5%.

Foreign investors were net seller to the tune of VND606 billion, mainly selling FPT of tech giant FPT Corporation and VHM.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.71%, while the UPCoM-Index for the Unlisted Public Companies Market went down 0.40%.


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