VN-Index Climbs Higher Despite Previous Decline

The VN-Index closed 4.28 points higher, recovering from a 2.07 point drop in the previous session. Trading on the Ho Chi Minh Stock Exchange surged by 6% to reach VND12.751 trillion (US$500.9 million).

Among the VN-30 basket, which includes the 30 largest capped stocks, 18 tickers gained while 12 fell. Notable gainers included POW of Petrovietnam Power Corporation, up 2.0%, HPG of Hoa Phat Group, up 1.3%, and PLX of Petrolimex, up 1.0%. On the other hand, VHM of Vinhomes slid 1.0%, VJC of Vietjet dropped 0.9%, and VRE of Vincom Retail closed 0.3% lower.

Foreign investors were net buyers, accumulating VND5 billion, primarily focusing on FPT of FPT Corporation and HPG. Meanwhile, the HNX-Index on the Hanoi Stock Exchange rose 0.24%, and the UPCoM-Index for the Unlisted Public Companies Market increased by 0.32%.

Globally, European stocks remained largely unchanged as investors awaited the Federal Reserve's policy decision. Renault's 6% rise due to potential merger talks with Honda and Nissan provided a slight lift to the automotive sector.