VN-Index posts biggest gain in 6 sessions

Vietnam’s benchmark VN-Index gained 1.21% to 1,226.11 points Wednesday morning.

It closed 14.6 points higher after losing 0.3 points Tuesday.

Trading on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, dropped 12.7% to VND20.37 trillion ($837.93 million).

The VN30 basket, comprising the 30 largest capped stocks, saw 22 tickers rose.

GVR of Vietnam Rubber Group led with a 3.6% increase, followed by VIC of private conglomerate Vingroup, up 3.5%.

BCM of Becamex Investment and Industrial Development rose 2.9% and VHM of property giant Vinhomes closed 2.7% higher.

Six blue chips fell. SSB of Southeast Asia Commercial Bank (SeABank) dropped 1.1% and GAS of state-owned Petrovietnam Gas lost 0.9%.

Foreign investors were net sellers for the third straigt session to the tune of VND226 billion, mainly selling HPG of steelmaker Hoa Phat Group and MWG of electronics retail chain Mobile World.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 1.84% while the UPCoM-Index for the Unlisted Public Companies Market gained 0.30%.