Liquidity remains low

Vietnam’s benchmark VN-Index curbed its five-day losing streak, inching up slightly on June 28 while liquidity drained severely as investors were discouraged by poor performance.

The gauge which tracks 302 companies and six mutual funds listed on the Ho Chi Minh City Stock Exchange revived 0.03 percent, or 0.12 points, to close at 418.16 points.

Across the benchmark, 98 stocks surged, 145 dived, while 65 remained unchanged.

Trading on the city bourse changed slightly over the previous trading session as more than 42.93 million shares changed hands at a total value of VND776.48 billion.

Saigon Thuong Tin Joint Stock Commercial Bank or Sacombank (STB) was the most active share in volume with 1.9 million shares changing hands.

Sacom Development & Investment Corporation (SAM) ranked second with 1.84 million shares.

Tan Tao Investment Industrial Joint Stock Company (ITA) came next with 1.07 million shares traded.

Viet Nhat Seafood Corporation (VNH) rebounded 5 percent to close at VND4,200.

National Seed Joint Stock Company (NSC) leaped forward 4.97 percent to close at VND38,000.

Binh Thuan Mineral Industry Joint Stock Company (KSA) snapped its five-day losing run, rescuing 4.92 percent to close at VND12,800.

Vietnam Mechanization Electrification & Construction Joint Stock Company (MCG), Information & Networking Technology Joint Stock Company (CMT), Petroleum Pipeline and Tank Construction Joint Stock Company (PXT), Taya (Vietnam) Electric Wire and Cable Joint Stock Company (TYA), and International Gas Product Shipping Joint Stock Company (GSP) shattered 5 percent to close at VND5,700, VND5,700, VND5,700, VND3,800, and VND7,600 respectively.

South Logistics Joint Stock Company (STG) marched south 4.97 percent to close at VND17,200.

Electronics Communications Technology Investment Development Corporation (ELC) adjusted 4.93 percent to close at VND21,200.

The VN30 Index - a free-float adjusted, market cap-weighted index of 30 stocks with the highest market value and liquidity on the exchange – went down 1.06 points, or 0.22 percent, to end at 491.71. Among its 30 members, 12 stocks hiked, 9 dropped, and 9 remained unmoved.

Hanoi’s HNX-Index of the smaller bourse in the north resurrected 0.93 percent, or 0.66 points, to close at 71.36 points with 151 winners, 81 losers, and 65 stocks treading water. Around 33.94 million shares changed hands at a total value of VND301.26 billion.

Meanwhile, the UPCoM-Index of unlisted shares regained 0.03 percent, or 0.01 points, to close at 36.41 points. A total of 418,526 shares changed hands at VND3.5 billion.

Related links: Real-time Boards: HOSE and HNX

By Thuy Doan

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