VN-Index approaches 890 points

The VN-Index on the Ho Chi Minh Stock Exchange (HOSE) continued the upward trend on January 7 when it gained nearly 9 points to move closer to the 890 point mark.

Green dominated the board at the beginning at the trading session with the index sometimes jumping 12 points. However, at the end of the trading session, some major stocks, including CTG, HPD, HDB, NVL and VCI plummeted, curbed the market’s recovery momentum.

Foreign sector continued to net sell VND40 billion in the trading session.

The Vietnam’s benchmark rose 8.74 points, or 0.99 percent, to close at 889.64 points with 195 winners and 95 losers while 54 stocks remained unchanged.

The HNX-Index of the smaller bourse in the north soared 1.08 points, or 1.07 percent, to finish at 101.93 points. Of the index, 78 stocks increased, 56 declined, and 53 treaded water.

Trading volume remained low with 182 million stocks worth VND3.7 trillion.