VN-Index reaches a new high

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By Dat Nguyen November 12, 2021 | 5:00 p.m. GMT +7

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

Vietnam’s benchmark VN-Index rose 0.75% to 1,473.37 points on Friday, a new high, with retail, banking and tech stocks leading the gains.

The index traded in a narrow band throughout the day and surged in the last few minutes, closing 11 points higher.

After plunging in mid-July due to the spread of Covid-19, the index gained 15.5% and repeatedly hit new highs this month.

The value of trades on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, fell 30% to 26.5 trillion VND ($ 1.17 billion).

The VN30 basket, comprising the 30 largest capped stocks, saw 19 tickers gain, led by PNJ of Phu Nhuan Jewelry with 5.2%.

The ticker is now at a new high, having risen nearly 43% this year.

The CTG of the public lender VietinBank increased by 2.3%. He was also the biggest contributor to VN-Index’s gain this session, pushing it up 0.9 points.

Computer giant FPT Corporation’s FPT rose 2.1 percent, continuing sideways.

Other winners included TCB of the largest private lender Techcombank, up 1.9%, and MSN of conglomerate Masan Group, up 1.8%.

Nine blue chip stocks fell, with Vietnam Rubber Group’s GVR losing 1.2%.

Foreign investors were net buyers to the tune of VND 213 billion, with the highest demand for CTG and MSN.

The Hanoi Stock Exchange’s HNX stock index, home to mid and small caps, rose 0.66% while the UPCoM market index of unlisted public companies rose 1.33%.


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