Stocks unchanged as investors take profits

The market treads water amid investors take profit from last Friday's rise (Photo: Thieu Gia)

The Ho Chi Minh Stock Exchange treaded water on Monday as the benchmark VN-Index fell 0.03 points, or 0.01 percent, to close at 314.71.

Trading volume reached 11.2 million shares. Of the index’s 171 members, 70 rose and 64 fell. “Investors sold heavily today to take profits from last Friday’s rise,” said one broker in HCMC.

Saigon Beverages Joint-Stock Co. (TRI), known as Tribeco, declined VND400, or 4.8 percent, to VND8,000 at the close. Citigroup Global Market Ltd. has sold 104,680 shares, to reduce its holding to 445,660 shares, according to a statement posted on the exchange’s website after the market closed on November 28.

Ben Tre Forestry & Aquaproduct Import Export Joint-Stock Co. (FBT) fell for the first time in five days, declining VND600, or 3.7 percent, to close at VND15,400. Chairman Nguyen Quoc Toan registered to sell his entire stake of 364,850 shares by the end of December, Ben Tre Forestry said in a statement posted on the exchange's website after the market closed last week.

Can Tho Techno-Agricultural Supplies Joint-Stock Co. (TSC) posted its biggest gain in seven weeks, increasing VND1,700, or 5 percent, to close at VND35,900. The company has decided to delay the sale of 7.8 million new shares as ``this is not a favorable time,'' it said in a statement posted on the exchange's website after the market closed on November 28.

Saigon Fuel Joint-Stock Co. (SFC) rose VND2,000, or 5 percent, to close at VND42,000, the stock’s biggest gain in more than two months. The company will pay a dividend of 10 percent in cash - VND1,000 (6 cents) - and 10 percent in extra shares, the company said in a statement posted on the exchange's website after the market closed last week. It gave no timeframe for the payment.

Hoa Phat Group (HPG), one of the country’s largest steel makers, remained unchanged at VND30,400. The group announced it will pay a cash dividend of 10 percent. The stock will go ex-dividend on December 5.

DHG Pharmaceutical Joint Stock Co. (DHG) was unchanged at VND117,000. The drug maker will pay cash dividend of 15 percent, according to a report on the exchange’s website. DHG will go ex-dividend on December 9.

At Hanoi’s stock exchange, the HaSTC-Index today closed at 103.97 points, a minor decline of 0.22 percent.

Reported by Thieu Gia

Other news