VN-Index up 9 points as real estate, finance stocks gain

The rally of real estate, steel and finance stocks on Tuesday helped Vietnam’s benchmark VN-Index expand 9.33 points, or 0.91%, to close at 1,032.43.

The index represents the Ho Chi Minh Stock Exchange (HoSE), which saw nearly 475 million shares changing hands for over VND8.3 trillion ($351.95 million), a decrease of VND1.45 trillion from the previous trading session. There were 279 tickers rising and 109 losing.

The VN30 index, which tracks the performance of the 30 largest-cap stocks, rose 10.54 to 1,035.04 points, with 19 gainers.

The real estate, materials and finance stocks drove the market, with VHM of Vinhomes, VCB of Vietcombank, VPB of VPBank, HPG of steel maker Hoa Phat, and CTG of VietinBank up 6.7%, 1.65%, 3.3%, 2.25%, and 1.07% respectively.

In addition to banking, the securities group made a strong impression with VND of VNDirect increasing by 3.14%, VCI of Viet Capital Securities 4.64%, and HCM of Ho Chi Minh City Securities 3.02%.

Green also covered many other groups like fertilizer, seafood, rubber, technology and construction.

Foreign investors were net buyers on the HoSE to the tune of nearly VND114 billion ($4.8 million). They mainly net purchased HPG, VCB, MSN of Masan Group, VRE of Vincom Retail, MSB of Maritime Bank, and SSI of Saigon Securities.

The HNX-Index on the Hanoi bourse went up 1.49 points to 203.11, while the UpCOM-Index on the unlisted public company market decreased 0.35 points to 75.67.