The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HOSE) picked up 4.01 points to a new peak of 1,412.56 points in the last minutes of this morning’s trading session.
Hanoi (VNA) – The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HOSE) picked up 4.01 points to a new peak of 1,412.56 points in the last minutes of this morning’s trading session.
More than 452.4 million shares were traded for roughly 15.3 trillion VND (663.47 million USD). There were 180 stocks rising, 198 sliding and 55 ending flat.
The record was made on the back of considerable gains from multiple large-cap stocks, such as BVH (Bao Viet Holdings), FPT (FPT Corporation), GAS (PetroVietnam Gas JSC), MSN (Masan Group Corporation), HPG (Hoa Phat Group), PDR (Phat Dat Real Estate Development), and VNM (Vietnam Dairy Products JSC).
On the Hanoi Stock Exchange (HNX), the HNX-Index edged up 1.39 points to close the session at 324.71 points. Over 100.2 million shares, worth nearly 2.47 trillion VND, were traded on the northern bourse. There were 75 stocks increasing, 92 declining and 74 ending flat.
The UPCoM-Index for the unlisted public companies fell by 0.1 points to 90.15, with approximately 56 million stocks traded on the market for about 1.077 trillion VND.
💙 However, foreign investors reversed to a net selling of 76.48 billion VND, after they net bought over 1.75 trillion VND a day prior./.
Capitalisation on the Ho Chi Minh Stock Exchange (HOSE) in May rose 7.07 percent month-on-month to more than 4.97 quadrillion VND (over 216 billion USD), equivalent to about 79.09 percent of the country’s GDP at the end of 2020.
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Even though the stock market is expected to continue rising, securities firms still warned of some corrections in the short-term due to profit-taking pressure.
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The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.