Stock market value hits four-session high

By Dat Nguyen February 18, 2022 | 01:15 PT

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

Vietnam’s benchmark VN index fell 0.21% to 1,504.84 points on Friday, with the highest trade value in four sessions.

The index remained in the red throughout the day and closed three points lower. He ended a week of heavy swings with a three-point gain.

Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, rose 13% to 22.03 trillion VND ($964 million), the highest in four sessions.

The VN30 basket, comprising the 30 largest capped stocks, saw 25 tickers in the red, led by public lender BIDV’s BID with a decline of 2.8%.

The VRE of commercial real estate arm Vincom Retail fell 2.5% after three bullish sessions.

Lender MB’s MBB lost 1.7%, continued to sideways after falling 5.7% on Monday.

Other losers included KDH from real estate company Khang Dien House and STB from Ho Chi Minh City-based lender Sacombank, both down 1.6%.

Five tickers closed in the green, with low-cost carrier Vietjet’s VJC up 5.2% to its highest level in two years as Vietnam resumed international flights.

Steelmaker Hoa Phat Group’s HPG rose 1.2% and insurance company Bao Viet Holdings’ BVH rose 0.7%.

Foreign investors were net buyers to the tune of VND 100 billion, with the focus being industrial property developer Kinh Bac City’s KBC and conglomerate Masan Group’s MSN.

The HNX stock index on the Hanoi Stock Exchange, home to small and mid caps, rose 1.25% while the UPCoM index of the unlisted public company market gained 0.27%.

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