Stocks lose ground as support falls

Vietnam’s benchmark VN-Index tumbled on June 19 as several stocks lost ground after investors unexpectedly dumped shares heavily.

The gauge of 303 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange trimmed 1.04 per cent, or 4.51 points, to close at 431.08 points.

On the benchmark, 38 stocks gained, 223 lost, while 47 remained unchanged.

Trading on the city bourse rose by 15.7 per cent in volume, and 27.8 per cent in value over the previous trading session as more than 68.58 million shares changed hands at a total value of VND1.15 trillion.

Tan Tao Investment Industry Corporation (ITA) was the most active share in volume with 2.11 million shares changing hands.

Petro Vietnam Finance Joint Stock Corporation (PVF) ran after with 1.51 million shares, followed by Ocean Group Joint Stock Company (OGC) with 1.44 million shares traded.

Truong Thanh Furniture Corporation (TTF) slashed 19.15 per cent to close at VND7,600.

Da Nang VICEM Construction Building Materials Joint Stock Company (DXV) and Binh Thuan Mineral Industry Joint Stock Company (KSA) crushed 5 per cent to close at VND5,700, and VND15,200 respectively.

Phu Tai Joint Stock Company (PTB) pared 4.96 per cent to close at VND13,400.

Tuong An Vegetable Oil Joint Stock Company (TAC) grew 4.88 per cent to close at VND43,000.

Information and Networking Technology Joint Stock Company (CMT) enlarged 4.84 per cent to close at VND6,500.

Khang Dien House Trading and Investment Joint Stock Company (KDH) surged 4.43 per cent to close at VND16,500.

The VN30 Index - a free-float adjusted, market cap-weighted index of 30 stocks with the highest market value and liquidity on the exchange – eroded 4.14 points, or 0.81 per cent, to end at 506.67. Among its 30 members, 4 stocks aroused, 24 tumbled, and 2 remained unmoved.

Hanoi’s HNX-Index of the smaller bourse in the north sliced 1.09 per cent, or 0.82 points, to close at 74.08 points with 52 winners, 187 losers, and 55 stocks treading water. Around 35.62 million shares changed hands at a total value of VND371.75 billion.

Meanwhile, the UPCoM-Index of unlisted shares lowered 0.3 per cent, or 0.11 points, to close at 36.31 points. A total of 257,683 shares changed hands at VND1.5 billion.

Related links: Real-time Boards: HOSE and HNX

By Thuy Doan

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