VN-Index ends 3-session losing streak

Vietnam’s benchmark VN-Index gained 5.95 points, or 0.57%, on Wednesday to close at 1,040.8, ending a series of three consecutive losing sessions.

The Ho Chi Minh Stock Exchange (HoSE), represented by the index, saw up to 234 gainers and 135 losers, with nearly 577 million shares changing hands for over VND11.4 trillion ($485.6 million), an increase of VND2 trillion from the previous session.

Finance and banking stocks attracted cash flows with more than VND2.5 trillion ($106.5 million), followed by materials, industry and real estate tickers with trading values ranging from VND1.1 trillion to VND1.3 trillion ($55.8 million).

The VN30 index, which tracks the performance of the 30 largest-cap stocks, rose 8.2 points to 1,045.24.

HPG of steel maker Hoa Phat made the greatest contribution to the VN-Index gain as it expanded nearly 5% thanks to the company's positive business performance in the first quarter. It led the market in trading value with VND575 billion ($24.5 million).

VCB of Vietcombank, TCB of Techcombank, and BID of BIDV bank were among the top 10 stocks with the most positive impact on the market, up more than 1%.

Meanwhile, three tickers in the Vingroup ecosystem - VIC of Vingroup, VHM of Vinhomes, and VRE of Vincom Retail - had the most negative influence on the VN-Index, losing 1.14%, 4.38% and 0.72% respectively.

Foreign investors were net sellers on the HoSE to the tune of over VND47 billion ($2 million). They mainly net sold VHM and VND of VNDirect Securities.

The HNX-Index on the Hanoi bourse went up 1.15 points to 205.84, while the UpCOM-Index on the unlisted public company market increased 0.02 points to 78.01.