Thursday morning, Vietnam’s benchmark VN-Index surged by 1.55%, reaching 1,269.80 points, marking the highest level since April 2nd.
The index finished 19.4 points higher during its fourth consecutive day 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 heavily capitalized stocks, had 28 of those securities showing gains.
The VIC from the privately held corporation Vingroup and the GVR from the Vietnam Rubber Group saw the largest gains, rising by 6.9% and 6.8%, respectively.
The share price of PLX from the Petrolimex fuel distributor increased by 6.6%, whereas BCM from Becamex Investment and Industrial Development ended 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 on the Hanoi Stock Exchange, increased by 0.84%. Meanwhile, the UPCoM-Index for the Unlisted Public Companies Market finished up 0.06% higher.
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