Tuesday saw Vietnam’s benchmark VN-Index rise by 0.15%, reaching 1,241.95 points, marking its highest level since April 2nd.
The index finished 1.9 points up following Monday’s increase of 13.8 points.
Trading on the Ho Chi Minh Stock Exchange, from which the index is derived, surged by 34% to reach VND17.8 trillion (US$686 million).
The VN30 index, which includes the top 30 listed companies based on market capitalization, witnessed an increase in 12 of its constituents.
The BVH shares from Bao Viet Holdings took the lead with a rise of 3%, closely trailed by GAS from state-controlled Petro Vietnam Gas, which increased by 1.9%.
The stock price of VPBank, a private lender, increased by 1.8%, and TPBank, another private bank, saw its shares close 1.5% higher.
Twelve blue chips declined, among them BCM from Becamex Investment and Industrial Development, which dropped by 2.6%.
GVR of Vietnam Rubber Group dropped 2.2% and SHB of Saigon Hanoi Commercial Bank closed 1.6% lower.
International investors purchased a total of VND74 billion worth of Vietnamese stocks, primarily acquiring shares from Vincom Retail, which operates in the retail real estate sector under VinGroup, and NVL issued by the property development company Novaland Group.
The HNX-Index, which tracks mid and small cap stocks listed on the Hanoi Stock Exchange, increased by 0.68%, whereas the UPCoM-Index for the market of unlisted public companies climbed up by 0.75%.
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