Vietnam stock market among world’s best Wednesday performers: StockQ

By Minh Hue
Wed, November 8, 2023 | 5:20 pm GMT+7

Strong demand sent the benchmark VN-Index soaring 33.14 points, or 3.07%, to 1,113.43 points Wednesday, placing Vietnam among the best performers, according to global market data provider StockQ.

The index, representing the Ho Chi Minh Stock Exchange (HoSE), marked the second sharpest gaining session since the beginning of this year, only behind the November 2 session with a gain of nearly 36 points.

Up to 495 stocks or 82% of the total on the major bourse went up, with 55 hitting their ceiling prices. There were just 66 losers.

The VN-Index soared 33.14 points, or 3.07%, to 1,113.43  on November 8, 2023. Photo by The Investor/Trong Hieu.

The VN-Index soared 33.14 points, or 3.07%, to 1,113.43 on November 8, 2023. Photo by The Investor/Trong Hieu.

The trading value on the HoSE skyrocketed to over VND18.6 trillion ($763 million), up VND6.5 trillion from the previous session. The cash flow was mainly into the real estate, banking and securities groups.

The HCMC bourse’s capitalization rose VND93.2 trillion ($38.3 billion) to VND4,382 trillion ($179.8 billion).

The VN-30 index, a basket of 30 largest capped stocks, surged 37.27 points, or 3.41%, to 1,129.95 points, with 29 tickers gaining and one remaining unchanged. SSI of Saigon Securities and GVR of Vietnam Rubber Group hit their ceiling prices.

According to VNDirect Securities, VCB of Vietcombank, HPG of steel giant Hoa Phat, BID of BIDV bank, FPT of FPT Corp and GVR made the greatest contributions to the market.

Gainers dominated all stock groups, led by securities and real estate. The securities group had 17 tickers enjoying the maximum increase, including SSI of Saigon Securities, VCI of Viet Capital Securities, VND of VNDirect, VIX of VIX Securities, FTS of FPT Securities, BSI of BIDV Securities, HCM of Ho Chi Minh City, CTS of VietinBank Securities, AGR of Agribank Securities, SHS of Saigon-Hanoi Securities, and VDS of Viet Dragon Securities.

Meanwhile, a series of real estate codes closed in the purple (hitting their respective ceiling prices), including NVL of Novaland, KBC of Kinhbac City Development Holding, PDR of Phat Dat Real Estate, DIG of DIG Corp, DXG of Dat Xanh Group, BCG of Bamboo Capital, LCG of Lizen Corp., and CEO of CEO Group, among others.

Manufacturing, banking, energy, aviation and retail tickers were also predominantly green.

Foreign investors turned net buyers on the HoSE to the tune of VND270 billion ($11.08 million).

The HNX-Index on the Hanoi Stock Exchange, home to mid and small caps, increased 4% to 227.03 points, while the UPCoM-Index for the unlisted public companies market gained 1.84% to 86.17 points.

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