Large-cap stocks curb rising momentum

Vietnam’s benchmark VN-Index edged down on May 9 as large-cap stocks braked rising trend.

The measure of 304 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange dipped 0.09 per cent, or 0.45 points, to close at 487.62 points with 159 winners, 111 losers, and 39 stocks remaining unchanged.

Trading on the city bourse dropped by nearly 14.5 per cent in volume, and 17.5 per cent in value over the previous trading session as more than 113.92 million shares changed hands at a total value of VND1.82 trillion.

Vietnam Electricity Construction Joint Stock Corporation (VNE) was the most active share in volume with 5.41 million shares changing hands.

Saigon Thuong Tin Commercial Joint Stock Bank or Sacombank (STB) followed with 3.46 million shares.

Hoang Quan Consulting Trading Service Real Estate Corporation (HQC) ranked third with 3.44 million shares traded.

Tan Dai Hung Plastic Joint Stock Company (TPC) slashed 15.24 per cent to close at VND13,900. The company will pay dividends to its current shareholders in cash at a ratio of 20 per cent on June 21.

Société De Bourbon Tay Ninh (SBT) collapsed 13.22 per cent to close at VND19,700.

Vegetable Oil Packing Joint Stock Company (VPK) curbed 8.16 per cent to close at VND13,500.

Becamex Asphalt & Concrete Joint Stock Company (ACC), Sacombank Securities Joint Stock Company (SBS), Saigon General Service Corporation (SVC), and Vinaship Joint Stock Company (VNA) accelerated 5 per cent to close at VND31,500, VND6,300, VND16,800 and VND6,300 respectively.

Petro Vietnam General Services Joint Stock Corporation (PET) vapourised 11.05 per cent to close at VND15,300.

Hung Vuong Joint Stock Corporation (HVG) extended its rising streak to five straight days, winning 4.99 per cent to end at VND42,100.

Thong Nhat Rubber Joint Stock Company (TNC) fortified 4.98 per cent to close at VND21,100.

The VN30 Index - a free-float adjusted, market cap-weighted index of 30 stocks with the highest market value and liquidity on the exchange – inched up 0.33 points, or 0.06 per cent, to end at 557.35. Among its 30 members, 7 stocks rose, 16 dropped and 7 closed unmoved.

Hanoi’s HNX-Index of the smaller bourse in the north reclaimed 0.14 per cent, or 0.12 points, to close at 83.76 points with 176 gainers, 120 losers, and 54 stocks treading water. Around 86.51 million shares changed hands at a total value of VND985.97 billion.

Meanwhile, the UPCoM-Index of unlisted shares adjusted 0.42 per cent, or 0.15 points, to close at 35.34 points. A total of 397,692 shares changed hands at VND2.15 billion.

By Thuy Doan

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