HCMC bourse trading value up 15%

The trading value on the Ho Chi Minh Stock Exchange (HoSE) hit over VND13.6 trillion ($579.7 million) on Monday, an increase of 15% from the previous session last Friday.

However, the benchmark VN-Index, representing the HoSE, dropped 1.19 points, or 0.11%, to 1,065.71, with 196 gainers and 197 losers.

Blue chips made good performance as VN30 index rose 4.46 points to 1,070.9.

VIC of Vingroup was the focus of attention, expanding 5.2% to VND54,400 ($2.32), after its subsidiary automaker VinFast last Friday announced it would list in the U.S. via a merger with Black Spade Acquisition Co (BSAQ), a special purpose acquisition company (SPAC).

Two other tickers of the Vingroup ecosystem, VHM of Vinhomes and VRE of Vincom Retail, were also among the top 10 stocks with the most positive impact on the market, up 1% and 0.9% respectively.

Some banking stocks also gained well, including TCB of Techcombank (2%), VIB of Vietnam International Bank (1.7%), TPB of TPBank (1.5%), and MBB of MBBank (1%).

Meanwhile, the real estate, securities, and retail groups were negative performers. Of which, GVR of Vietnam Rubber Group lost over 3%, while SSI of Saigon Securities, NVL of Novaland, PDR of Phat Dat Real Estate Development Corp., and HPG of steel maker Hoa Phat lost around 1%.

Foreign investors were net sellers on the HoSE to the tune of more than VND400 billion ($17.05 million). They mainly net sold CTG of VietinBank, VPB of VPBank, and STB of Sacombank, while net purchasing VIC, VHM and VRE.

The HNX-Index on the Hanoi bourse fell 0.77 points to 214.33, while the UpCOM-Index on the unlisted public company market went up 0.43 points to 80.48.