Investors’ cautiousness sends market down

The Vietnam’s benchmark VN-Index declined the third day to close week in low note on June 24 as investors became cautious amid mixed economic data.

The gauge of 286 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange slipped 0.31 percent, or 1.35 points, to close at 433.4 points. This week, the measure lost 1.25 percent.

On the benchmark, 108 stocks increased, 93 decreased, while 90 remained unchanged.

Trading volume on the city bourse recovered by 10 percent in volume, and 27 percent in value over the previous trading session as 21.9 million shares changed hands at a value of VND403 billion.

Saigon Securities Inc. (SSI), the country’s largest brokerage, was the most active share by volume with 787,590 shares changing hands.

Tan Tao Investment & Technology Joint Stock Company (ITA) chased after with 716,550 shares traded.

Saigon Thuong Tin Joint Stock Commercial Bank (STB) followed with 713,480 shares.

Construction & Materials Trading Joint Stock Company (CNT) plunged the daily maximum allowed limit of 5 percent to close at VND9,500.

Vietnam Sun Corporation (VNS) stumbled 4.98 percent to close at VND21,000.

Tan Binh Import Export Joint Stock Corporation (TIX) dropped for three consecutive trading sessions, giving up 4.97 percent to VND17,200.

Dai Thien Loc Corporation (DTL) shot up 5 percent to close at VND18,900.

Binh Duong Mineral & Construction Joint Stock Company (KSB) salvaged 4.94 percent to VND48,900.

Thien Nam Trading Import Export Joint Stock Company (TNA) reversed 4.92 percent to close at VND19,200.

The Hanoi’s HNX-Index of the smaller in the north also revived 0.69 percent, or 0.52 points, to finish at 75.78 points. Trading on the northern market fell by 12 percent in volume and 12.25 percent in value over the previous trading session as 23.22 million shares worth VND282.76 billion changed hands.

Meanwhile, the UPCoM-Index of unlisted shares edged down 0.02 points, or 0.06 percent, to 32.39 points. A total of 200,298 shares changed hands at a value of VND1.44 billion as of 3 pm local time.

By Yen Oanh

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