VN-Index gains 11 points after sharp fall

Vietnam’s benchmark VN-Index went up 10.57 points, or 0.95%, to 1,128.67 on Wednesday after a plunge of 37.15 points (3.22%) in the previous session.

The gain of the index, which represents the Ho Chi Minh Stock Exchange (HoSE), was derived from the rallies of securities, fertilizer, chemical and retail groups.

The major bourse saw 339 gainers and 146 losers, with 682 million shares changing hands for nearly VND15 trillion ($613.9 million), a significant fall from VND21 trillion ($860.83 million) on Tuesday.

The VN30 index, comprising 30 largest capped stocks, rose 7.65 points to 1,138.54, with 18 tickers gaining. VIC of Vingroup contributed the most to the VN-Index with nearly 1.6 points as it increased 3.6%.

Securities stocks rebounded strongly after the market’s deep decline. SSI of Saigon Securities increased 5.13%, VND of VNDirect Securities 3.56%, VCI of Viet Capital Securities 2.57%, HCM of Ho Chi Minh City Securities 2.41%, SHS of Saigon-Hanoi Securities 6.29%, and VIX of VIX Securities 1.68%. Notably, FTS of FPT Securities, and BSI of BIDV Securities hit their ceiling prices.

In the manufacturing group, fertilizer and chemical stocks made impressive performance as DCM of Petrovietnam Ca Mau Fertilizer JSC enjoyed the maximum increase, while DGC of Duc Giang Chemicals expanded 3.85% and DPM of Petrovietnam Fertilizer & Chemicals Corporation 3.42%.

The green overwhemed the real estate group. In addition to VIC, VRE of Vincom Retail increased 2.66%, PDR of Phat Dat Real Estate Development Corp. 3.54%, VCG of Vietnam Construction And Import-Export Joint Stock Corporation 3.2%, SZC of Sonadezi Chau Duc Shareholding Company 2.2%, and HDC of Ba Ria-Vung Tau House Development JSC 3.64%.

Retail tickers traded positively, with FRT of FPT Retail hitting its ceiling price, and MWG of Mobile World Investment and PNJ of Phu Nhuan Jeweltry slightly up by 0.41% and 0.13% respectively.

Foreign investors were net buyers to the tune of nearly VND188 billion ($7.69 million).

The HNX-Index on the Hanoi Stock Exchange, where mid and small caps list, rose 1.55% to 230.2 points, while the UPCoM-Index on the Unlisted Public Companies Market gained 0.91% to 87.47.