VN-Index surpasses 1,300 points, reaches 2-year high

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Vietnam’s benchmark VN-Index surged by 1.23% to 1,300.19 points on Wednesday, its highest since mid-2022.

The index closed 15.78 points higher after losing 6.26 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange decreased by 8.5% to VND23.269 trillion (US$914.6 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 27 tickers gained.

VPB of private lender VPBank saw the biggest growth of 6.0%, followed by FPT of IT giant FPT Corporation with a 4.3% increase, and MSN of conglomerate Masan Group, up 2.6%.

Three blue chips fell, including POW of electricity producer Petrovietnam Power Corporation with a 1.1% drop, SAB of brewer Sabeco, down 0.9%, and PLX of fuel distributor Petrolimex, which fell 0.2%.

Foreign investors were net seller to the tune of VND591.5 billion, mainly selling FPT of FPT Corporation and VHM of property giant Vinhomes.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 1.12%, while the UPCoM-Index for the Unlisted Public Companies Market went down 0.19%.