VN-Index records longest gaining streak in two months

The VN-Index, which represents the Ho Chi Minh Stock Exchange (HoSE), rose 2.04 points, or 0.19%, to 1,056.33 on Wednesday, marking the seventh consecutive gaining session and the longest streak since late January.

The major bourse saw over 460.9 million shares changing hands for over VND8.3 trillion ($353.37 million), down from VND11.2 trillion ($476.7 million) in the previous session. There were 216 tickers gaining and 147 losing.

Blue chips were the main support for the VN-Index gain as VN30 index, which tracks the performance of the 30 largest-cap stocks, rose 2.63 points to 1,061.45.

Among 10 stocks that had the most negative impacts on the market, eight came from this basket, including VCB of Vietcombank, MSN of Masan Group, TCB of Techcombank, MBB of MBBank, VNM of Vinamilk, HPG of steel maker Hoa Phat, CTG of VietinBank, and SSI of Saigon Securities.

Meanwhile GAS of PV Gas had the most negative impact on the VN-Index, losing 1%. Some banking and retail stocks like VPB of VPBank, MWG of Mobile World Investment Corporation, and PNJ of Phu Nhuan Jewelry also closed in red.

Foreign investors turned net seller on the HoSE after six consecutive net-buying sessions to the tune of over VND200 billion ($8.51 million). STB of Sacombank and VPB were most net sold with VND82 billion ($3.49 million) and VND77 billion ($3.28 million), respectively.

The HNX-Index on the Hanoi bourse went down 0.17 points to 205.59, while the UpCOM-Index on the unlisted public company market increased 1.15 points to 76.73.