VN-Index ends four-session losing streak

Vietnam's benchmark VN-Index gained 3.73 points or 0.37% to 1,022.61 on Thursday, ending its four-session losing streak.

The index represents the Ho Chi Minh Stock Exchange (HoSE), which saw 232 gainers and 152 losers with 714.2 million shares changing hands for nearly VND13 trillion ($549.7 million).

The VN30-Index, which tracks the performance of 30 largest-cap stocks, rose 5.24 points or 0.51% to 1,038.34.

Of which, banking stocks had the most positive impact on the market, with VPB of VPBank expanding 4.53%, VCB of Vietcombank 0.76%, BID of BIDV bank 1.04%, MBB of MBBank 1.69%, and TPB of TPBank 3.47%.

The green color also overwhelmed mid- and small-cap banking tickers, with KLB of Kienlongbank hitting its ceiling price. There were only four banking codes losing, including STB of Sacombank, SGB of Saigon Bank, VAB of Viet A Bank, and EIB of Eximbank. Notably, EIB was net sold by foreign investors, with a total value of VND1.8 trillion ($76.1 million).

The VN30 basket recorded two real estate stocks hitting their ceiling prices, namely KDH of Khang Dien Holding and PDR of Phat Dat; while NVL of Novoland rose 2%.

VIC of Vingroup and VHM of its arm Vinhomes also supported the gaining of the major index.

Many mid- and small-cap property tickets strongly increased, including HPX of Hai Phat (6.2%), CEO of CEO Group (4.8%), DIG of DIG Corp (3.2%), and DXG of Dat Xanh Group (2.2%).

Other groups like oil and gas, health care, cement, fertilizer, construction, public investment, and retail also recorded good recovery.

Foreign investors turned net sellers to the tune of VND2,553 billion ($107.95 million) on the HoSE, marking their first net-selling session after 23 net-purchasing ones. They mainly net bought HPG of steel maker Hoa Phat, VHM and NVL; while net selling DXG, VRE of Vincom Retail, and VNM of Vinamilk.

The HNX-Index on the Hanoi bourse went up 1.33 points to 205.79, while the UpCOM-Index on the unlisted public company market fell 0.13 points to 70.83.