Vietnam’s benchmark VN-Index reversed a consecutive five session decline with a six-point gain Friday to close at 1,132 points.
This went against predictions by market observers that the index, which represents the Ho Chi Minh Stock Exchange (HoSE), was likely to fall below the 1,100-point threshold Friday.
Trading volume on the exchange surged by 53% to VND17.13 trillion (about $718 million), almost VND6 trillion ($251.4 million) higher than Thursday.
Hoa Phat Group’s HPG sticker took the lead with almost transactions of almost VND500 billion ($21 million), followed by DGC, HAG, NVL and SSI of Duc Giang Chemicals, Hoang Anh Gia Lai, Novaland and Saigon Securities Inc., respectively.
On Friday, foreign investors were net buyers after seven net selling sessions. They mainly bought DGC, Kinh Bac City’s KBC, DXG of Dat Xanh Group, and E1VFVN30 of the VFMVN30 fund.