Vietnam stocks rise 1.68%; foreign investors buy VND 4.72 billion net
Vietnam’s VN-Index rose 28.75 points to 1,743.07 on November 10. Foreign investors bought a net VND 472 billion on the Ho Chi Minh Stock Exchange, while gains in banking, real estate and materials stocks helped lift the index.
Vietnam’s stock market rose on November 10, with the VN-Index closing at 1,743.07 points, up 28.75 points, or 1.68%, from the previous session. Trading value reached VND 16.884 trillion. Foreign investors bought a net VND 472 billion on the Ho Chi Minh Stock Exchange, ending a period of net selling.
Vietnam’s stock market rose on November 10, and foreign investors were net buyers on the Ho Chi Minh Stock Exchange.（VietVance）
Large-cap stocks drove most of the market’s gains. VIC contributed 12.19 points to the VN-Index and VHM contributed 2.72 points; HVN, TCB and LPB also lifted the index. News that the State Bank of Vietnam was buying foreign currency to support liquidity in the capital market boosted domestic investor sentiment.
Shares in the banking, real estate and materials sectors rose. TCB gained 1.85%, LPB 3.44%, VIC 3.24%, VHM 2.65% and HPG 1.67%. Some energy and technology stocks fell, with BSR down 1.93% and FPT down 0.2%.
KDH, POW and SSI were among the stocks with the largest net purchases by foreign investors, while FPT saw the largest net sales. Securities firms’ proprietary trading desks bought a net VND 515.3 billion, including VND 602.4 billion through matched trades. Negotiated trades totaled VND 4.3936 trillion, up 12.5% from the previous session.
Source: VietVance
