Stock market: Vietnam’s VN-Index surges on banking and IT, foreigners step up selling, Thursday

The VN-Index jumped 23.64 points to close at 1,688.00, up 1.42 percent, Thursday, with trading value at VND 51.55 trillion (US$1.98 billion),  according to the latest data from the Ho Chi Minh City Stock Exchangeview source.

Large caps led the advance, with the VN30 up 2.54 percent, while mid- and small-caps slipped. Finance gained 3.60 percent and IT surged 3.76 percent, offsetting weakness in energy and materials.

Trading activity

Order-matching volume reached 1.72 billion shares, for total turnover of VND 51.87 trillion (US$1.99 billion). 

TPB, SHB, and SSI topped liquidity, while gainers included SVC, TN1, and OCB with rises of about 7 percent. Losers were led by DSC, SZL, and SAM, down around 7 percent.

Foreign trading

Foreign investors increased net selling, offloading VND 6.01 trillion (US$231 million) against buys of VND 3.58 trillion (US$138 million), for a net sell of VND 2.42 trillion (US$93 million). VPB and HPG dominated foreign trading value. 

Net buys were seen in SSI, HPG, MBB, VPB, and STB.

See also: Explainer: What’s Driving Vietnam’s Stock Market Rally?

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