VN-Index surpasses 1,200-point mark, hits 10-month high

Vietnam’s benchmark VN-Index exceeded 1,200 points on Wednesday, marking its highest level since September 23, 2022 and the fourth gaining session in a row.

The Ho Chi Minh Stock Exchang's (HoSE) index closed at 1,200.84 points, up 4.94 points, or 0.41%, from Tuesday.

The major bourse saw 213 gainers and 246 losers. Its trading value dropped 11% from the previous session to VND18 trillion VND ($760.26 million), with 912 million shares changing hands.

The VN30 index, which tracks the performance of 30 largest cap stocks, increased 3.42 points to 1,201.43, with 14 tickers gaining and 14 losing.

Among banking stocks, VCB of Vietcombank, the largest cap in the Vietnamese market, continued to make great contribution to the main index, gaining 1.85%. It was followed by BID of BIDV 0.42% and SSB of SeABank 0.34%.

The real estate group showed positive performance with many strong gainers, such as NVL of Novaland 6.17%, KDH of Khang Dien Holdings 2.49%, NLG of Nam Long Group 2.55%, TCH of Hoang Huy Investment Financial Services JSC 3.13%, ITA of Tan Tao Investment and Industry Corp. 2.12%, LGC of Lizen Corp. 6.57%, and CRE of Century Land 4.34%. Notably, DXS of Dat Xanh Services and SJS of Song Da Urban & Industrial Zone Investment & Development JSC both hit their ceiling prices.

Aviation tickers dropped slightly, with VJC of low-cost airline Vietjet and HVN of national flag carrier Vietnam Airlines losing 0.62% and 0.38% respectively.

Meanwhile, a divergence was seen in securities, energy and retail groups.

Foreign investors were net buyers on the HoSE to the tune of over VND390.7 billion ($16.5 million). The HNX-Index on the Hanoi bourse went down 0.73 points to 236.2, while the UpCOM-Index on the unlisted public company market inched up 0.02 points to 88.6.