Modest Gains in Ho Chi Minh Stock Exchange

The stock market in Ho Chi Minh City experienced a modest increase, with the index closing 6.2 points higher. This follows a gain of 7.1 points in the previous session, indicating a positive trend in the market.

Increased Trading Volume

Trading activity on the Ho Chi Minh Stock Exchange saw a significant increase, with volumes rising by 28% to VND13.32 trillion (US$525 million). This surge in trading volume highlights the growing interest and participation in the market.

Performance of VN-30 Basket

Within the VN-30 basket, which includes the 30 largest capped stocks, 22 tickers experienced gains. Notably, VCB of state-owned lender Vietcombank led the way with a 1.4% rise. SSI of brokerage SSI Securities Corporation and STB of Ho Chi Minh City-based lender Sacombank also saw increases, both rising by 1%.

Notable Stock Movements

GVR of Vietnam Rubber Group and MWG of electronics retail chain Mobile World also enjoyed gains, each increasing by 0.9%. However, not all stocks shared in the positive movement, with three blue chips experiencing declines, including SAB of brewer Sabeco, which fell by 1.8%.

Foreign Investment Trends

Foreign investors significantly increased their net sales, which surged 7.6 times to VND3.12 trillion. The primary focus of these sales was on VIC of private conglomerate Vingroup and FPT of IT giant FPT Corporation.

Other Market Indices

In addition to the gains in Ho Chi Minh, the HNX-Index for stocks on the Hanoi Stock Exchange, which focuses on mid and small caps, rose by 0.59%. The UPCoM-Index for the Unlisted Public Companies Market also saw a slight increase, going up by 0.16%.