HCMC — Vietnam’s benchmark VN-Index shot up by nearly 12% in August, the strongest monthly rise in more than seven years.
The index closed the month at 1,682.21 points, up 1.35 points, or 0.08%, on August 29. It added nearly 180 points in August, or 11.96%. This was the largest monthly rise in points since January 2007.
Liquidity hit a record high on Friday, with over 1.52 billion shares worth nearly VND45 trillion traded, up 28% in volume and 30% in value over the previous session.
Bank stocks rose nearly 19% in August, securities firms advanced 21%, and real estate shares gained over 14%.
SHB took the lead by liquidity today with over 124.6 million shares traded, while other bank stocks such as MBB, VIB, HDB, and VPB rose between 2% and 3%. FPT fell 2.8% to VND101,600, while VIC, BCM, DGC, and GAS slipped 1% to 1.7%.
Mid- and small-cap securities stocks attracted strong buying. DSE, AGR, VND, and TCI hit their ceiling prices, with over 75.9 million VND shares traded.
Losses were limited, with TNT down more than 5% and VSC falling 3.7% to VND30,000 on a volume of over 11 million shares.
On the Hanoi Stock Exchange, the HNX-Index rose 3.35 points, or 1.21%, to 279.98 points, with 146.1 million shares worth VND3.2 trillion traded.
