VN-Index nears 1,780 points as PNJ hits ceiling for second straight session
Vietnam's benchmark VN-Index extended its advance for a second consecutive session on Tuesday, rising 0.82 percent despite weaker trading liquidity, as gains in heavyweight stocks, particularly those in the Vingroup group, drove the market higher.
Vietnam's VN-Index reached near 1,780 points on Tuesday, as heavyweights from the Vingroup group pushed the market higher. Despite weaker liquidity, the index rose 0.82 percent, closing at 1,777.23 points, with 175 stocks gaining and 140 falling on the Ho Chi Minh Stock Exchange. Vingroup's three listed affiliates contributed nearly all the index's gain, with VHM up 3.31 percent, VIC 2.35 percent, and VRE 4.76 percent.
PNJ also hit its daily peak for a second straight session, trading at VND35,450 per share. Real estate and financial stocks advanced broadly, with PDR, NVL, and TCH gaining 2.54, 1.9, and 1.23 percent respectively. In contrast, financial stocks mixed, with HDB up 2.69 percent, STB 3.64 percent, and MBB 1.67 percent. Consumer and industrial stocks also performed well, with DGW hitting its daily limit, and BAF rising 3.27 percent.
Foreign investors remained net buyers on the HOSE for the fourth consecutive session, with net purchases valued at nearly VND918 billion.
Written by urgent.news from SGGP English Edition Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
