VN-Index gains for fourth consecutive session, hits 9-month high

By Huong Dung
Fri, June 23, 2023 | 6:33 pm GMT+7

The VN-Index, which represents the Ho Chi Minh Stock Exchange (HoSE), rose 4.08 points, or 0.36%, to 1,129.38 on Friday, marking its four-session gaining streak and the highest level since September 2022.

The major bourse saw 235 gainers and 200 losers, with nearly 907 million shares changing hands for VND18.2 trillion ($773.6 million). The top five stocks with the largest trading value were VPB of VPBank, VNM of Vinamilk, HPG of steel giant Hoa Phat, VND of VNDirect Securities, and STB of Sacombank.

Blue chips were the main support for the VN-Index expansion as their VN30 index surged 9.16 points to 1,126.76.

The VN-Index gains 4.08 points to 1,129.38 on June 23, 2023. Photo by The Investor/Hai Minh.

The VN-Index gains 4.08 points to 1,129.38 on June 23, 2023. Photo by The Investor/Hai Minh.

Banking stocks traded well, with VPB up 3.06%, MBB of MBBank 1.51%, ACB of Asia Commercial Bank 1.15%, STB 1%, and VIB of Vietnam International Bank 1.01%.

While large-cap securities codes like SSI of Saigon Securities, HCM of Ho Chi Minh City Securities, VND, and VCI of Viet Capital Securities all moved in a narrow range, smaller ones better gained, such as VIX of VIX Securities 3.39%, CTS of VietinBank 1.4%, and AGR of Agribank Securities 4.55%.

The manufacturing group saw the positive performance of large-cap stocks. Specifically, HPG increased by 2.21%, VNM 3.29%, MSN of Masan Group 1.31%, and SAB of brewer Sabeco 1.1%.

Most real estate tickers closed in red. However, some stocks “swam against the current”, such as QCG of Quoc Cuong Gia Lai hitting its ceiling price, CTD of Coteccons Construction JSC expanding 3.4%, AGG og An Gia Group 5.48%.

Energy and retail stocks also saw a divergence, while aviation tickers gained.

Foreign investors were net sellers on the HoSE after two consecutive net-buying sessions to the tune of about VND40 billion ($1.7 million). They mainly net sold SHS of Saigon-Hanoi Securities, VHM of Vinhomes, and KDH of Khang Dien Holding Corp.

The HNX-Index on the Hanoi bourse inched down 0.37 points to 231.54, while the UpCOM-Index on the unlisted public company market rose 0.21 points to 85.75.

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