Profit-taking sends market down

Vietnam’s benchmark VN-Index declined the first time in four days on February 10 as investors sold shares to take profits to lock in gains of previous trading sessions.

The shares of 301 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange slumped 1.55 per cent, or 6.37 points, to close at 405.02 points. The gauge added 0.81 per cent this week.

Trading volume on the city bourse rose slightly over the previous day as around 50 million shares changed hands at a total value of VND704 billion, down 9 per cent over the previous day.

Military Commercial Joint Stock Bank (MBB) was the most active share in volume with 3.1 million shares changing hands.

The runner-up was Tan Tao Investment & Technology Joint Stock Company (ITA) with 3 million shares traded.

Saigon Thuong Tin Commercial Joint Stock Bank or Sacombank (STB), the fourth largest listed lender, came third with 2.5 million shares.

Basa Joint Stock Company (BAS) plummeted 11.11 per cent to close at VND800.

Cadovimex Seafood Import-Export & Processing Joint Stock Company (CAD) and Saigon Beverages Joint Stock Company (TRI) both weakened 5.56 per cent to VND1,700.

Meca Vneco Investment & Electricity Construction Joint Stock Company (VES) slid 5.26 per cent to close at VND1,800.

General Materials Biochemistry Fertilizer Joint Stock Company (HSI) and Vietnam Land Investment Corporation (VNI) both leaped forward 5 per cent to close at VND8,400 and VND4,200 respectively.

Long Hau Corporation (LHG) climbed the third day, enhancing 4.93 per cent to close at VND14,900.

South Logistics Joint Stock Company (STG) and Thu Duc Water Supply Joint Stock Company (TDW) both extended its winning streak, adding up 4.76 per cent to close at VND22,000, and VND11,000 respectively.

The VN30 Index sank 6.5 points, or 1.5 per cent, to end at 458.23 points. Among its 30 members, four stocks rallied and 26 declined.

Meanwhile, Hanoi’s HNX-Index of the smaller bourse in the north dumped 1.82 per cent, or 1.16 points, to close at 62.66 points. Around 45.67 million shares changed hands at a total value of VND344.49 billion.

The UPCoM-Index of unlisted shares dipped 0.06 per cent, or 0.02 points, to 34.95 points at 11.30 am local time. A total of 83,724 shares were traded at VND326 million.

By Thuy Doan

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