Equities make correction

Vietnam’s benchmark VN-Index curbed its rising momentum on February 21 as investors sold shares to lock in gains, following previous impressive trading sessions.

The index of 302 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange dipped 0.74 per cent, or 3.07 points, to close at 410.91 points.

On the benchmark, there were 98 gainers, 143 losers, while 66 stocks remained unchanged.

Trading on the city bourse rose by 20 per cent in volume, and 15 per cent in value over the previous trading session as around 59.08 million shares changed hands at a total value of VND791.1 billion.

Vietnam Commercial Joint Stock Export Import Bank or Eximbank (EIB) won the position of the most active share in volume with 4.11 million shares changing hands.

Tan Tao Investment & Technology Joint Stock Company (ITA) took second rank with 3.9 million shares traded.

Becamex Infrastructure Development Joint Stock Company (IJC) tagged along with 2.83 million shares.

Viky Plastic Joint Stock Company (VKP) cut 14.29 per cent to close at VND600.

Basa Joint Stock Company (BAS) crippled 11.11 per cent to finish at VND800.

Cadovimex Seafood Import-Export & Processing Joint Stock Company (CAD) shed 9.09 per cent to close at VND1,000.

Saigon Beverages Joint Stock Company (TRI) strengthened 5.56 per cent to close at VND1,900.

Huu Lien Asia Corporation (HLA), Interfood Shareholding Company (IFS), and Song Ba Joint Stock Company (SBA) all jumped 5 per cent to close at VND4,200.

Long Hau Corporation (LHG) recovered 4.88 per cent to close at VND17,200.

VN30 Index sank 3.17 points, or 0.68 per cent, to end at 462.27 points. Among its 30 members, 9 stocks rallied, 14 declined and 7 closed unmoved.

Hanoi’s HNX-Index of the smaller bourse in the north fell 0.59 per cent, or 0.38 points, to close at 63.89 points. Around 80.58 million shares changed hands at a total value of VND648.34 billion.

Meanwhile, the UPCoM-Index of unlisted shares slashed 0.49 per cent, or 0.17 points, to 34.39 points at 11.30 am local time. A total of 5,024,110 shares were traded at VND242.34 billion.

By Thuy Doan

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