Stocks Keep Recovery Surge Through Fourth Day

Thursday morning, Vietnam’s key VN-Index surged by 1.55%, reaching 1,269.80 points, marking its highest level since April 2nd.

The index finished 19.4 points higher during its fourth consecutive session of gains.

Trading on the Ho Chi Minh Stock Exchange, from where the index is derived, increased by 11% to reach VND19.11 trillion (US$736 million).

The VN30 index, which includes the top 30 capped stocks, had 28 tickers showing gains.

The VIC from the privately held corporation Vingroup and GVR from the Vietnam Rubber Group showed the largest gains, increasing by 6.9% and 6.8%, respectively.

The stock price for PLX at Petrolimex increased by 6.6%, whereas BCM at Becamex Investment and Industrial Development finished 5.1% higher.

The BVH stock of insurance company Bao Viet Holdings was the sole blue-chip to close lower, declining by 0.2%.

Foreign investors were net purchasers amounting to VND246 billion, primarily acquiring shares in VIC and MBB from lender MB.

The HNX-Index, which tracks mid and small cap stocks listed on the Hanoi Stock Exchange, increased by 0.84%. Meanwhile, the UPCoM-Index for the market of unlisted public companies finished 0.06% higher.