Vietnam’s benchmark VN-Index struggled to recover on April 24 as investors opted for selling instead of buying, causing trading volume to stay at low level.
The measure of 305 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange inched up 0.1 per cent, or 0.48 points, to close at 465.65 points with 156 winners, 90 losers, and 64 stocks remaining unchanged.
Trading on the city bourse improved by 33 per cent in both volume and value over the previous trading session as more than 88.33 million shares changed hands at a total value of VND1.35 trillion.
Sacom Development & Investment Corporation (SAM) was the most active share in volume with 3.32 million shares changing hands.
Military Commercial Joint Stock Bank (MBB) followed with 2.73 million shares.
Licogi 16 Joint Stock Company (LCG) came next with 2.63 million shares traded.
Saigon Cable Corporation (CSG), Quoc Cuong Gia Lai Joint Stock Company (QCG), Dong Nai Port Joint Stock Company (PDN), Tay Bac Minerals Investment Joint Stock Company (KTB), and Vietnam – Italy Steel Joint Stock Company (VIS) rose 5 per cent to close at VND8,400, VND12,600, VND25,200, VND12,600, and VND16,800 respectively.
Société De Bourbon Tay Ninh (SBT) climbed 4.98 per cent to close at VND21,100.
Hoa Binh Construction & Real Estate Corporation (HBC) rallied 4.97 per cent to close at VND38,000.
Hoang Anh Gia Lai Joint Stock Company (HAG) dumped 8.89 per cent to close at VND28,700. The company will pay dividends to its current shareholders by shares at a ratio of 15 per cent.
Ben Thanh Trading & Service Joint Stock Company (BTT) deleted 8.7 per cent to close at VND21,000. The company will pay dividends to its current shareholders in cash at a ratio of 12 per cent on May 16.
Cat Loi Joint Stock Company (CLC) weakened 6.25 per cent to close at VND15,000. The company’s current shareholders will receive dividends in cash at a ratio of 15 per cent on May 22.
The VN30 Index - a free-float adjusted, market cap-weighted index of 30 stocks with the highest market value and liquidity on the exchange – edged up 1.29 points, or 0.24 per cent, to end at 534.89. Among its 30 members, 18 stocks rallied, 8 dropped and 4 closed unmoved.
Hanoi’s HNX-Index of the smaller bourse in the north emerged 0.98 per cent, or 0.76 points, to close at 78.57 points with 168 winners, 92 losers, and 72 stocks treading water. Around 67.1 million shares changed hands at a total value of VND733.12 billion.
Meanwhile, the UPCoM-Index of unlisted shares grew 0.86 per cent, or 0.3 points, to close at 35.18 points. A total of 294,290 shares changed hands at VND2.2 billion.