Sell-offs sends VN-Index below 460

Stocks on Ho Chi Minh City Stock Exchange free-fell on May 15, extending its losing run to five consecutive trading sessions as support lost on renewed sell-offs.

The measure of 303 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange collapsed 2.99 per cent, or 14.04 points, to close at 455.65 points with 29 stocks increasing, 254 declining, and 25 remaining unchanged.

Trading on the city bourse fell by 15 per cent in volume, and 7 per cent in value over the previous trading session as more than 97.21 million shares changed hands at a total value of VND1.57 trillion.

Vietnam Export Import Commercial Joint Stock Bank or Eximbank (EIB) was the most active share in volume with 3.44 million shares changing hands.

The runner-up was SACOM Development and Investment Corporation (SAM) with 3.39 million shares.

Becamex Infrastructure Development Joint Stock Company (IJC) ranked third with 2.86 million shares traded.

FPT Corporation (FPT) declined for six straight trading sessions, closing down 22.66 per cent to close at VND49,500. The company will pay dividends to its current shareholders in cash at a ratio of 10 per cent on June 1. It will also issue 54,006,719 shares to pay dividends to its current shareholders at a ratio of 25 per cent.

Cho Lon Water Supply Joint Stock Company (CLW) decelerated 14.96 per cent to close at VND10,800. The company will pay dividends to its current shareholders in cash at a ratio of 13.5 per cent on June 4.

Other decliners on the city bourse included Bank for Investment & Development of Vietnam Securities Company (BSI), Ca Mau Trading Joint Stock Company (CMV), Cuu Long Petro Urban Development & Investment Corporation (CCL), and National Seed Joint Stock Company (NSC).

South Vietnam Container Shipping Joint Stock Company (VSG) grew 8th day, enhancing 5 per cent to close at VND2,100.

Manulife Progressive Fund (MAFPF1) rebounded 4.88 per cent to close at VND4,300.

International Development & Investment Corporation (IDI) rose 4.84 per cent to end at VND13,000.

The VN30 Index - a free-float adjusted, market cap-weighted index of 30 stocks with the highest market value and liquidity on the exchange – slumped 13.45 points, or 2.51 per cent, to end at 522.9. Among its 30 members, only 1 stock rose, 28 dropped, and 1 closed unmoved.

Hanoi’s HNX-Index of the smaller bourse in the north lessened 2.57 per cent, or 2.03 points, to close at 76.81 points with 37 gainers, 268 losers, and 31 stocks treading water. Around 78.17 million shares changed hands at a total value of VND806.01 billion.

Meanwhile, the UPCoM-Index of unlisted shares shortened 0.51 per cent, or 0.18 points, to close at 35.26 points. A total of 271,850 shares changed hands at VND1.52 billion.

Real-time Boards: HOSE and HNX

By Thuy Doan

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