VN-Index dips drastically

Vietnam’s benchmark VN-Index tumbled drastically on March 29 as investors lost patience.

The measure of 305 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange plunged 1.5 per cent, or 6.69 points, to close at 439.63 points, with 63 gainers, 198 losers, and 49 stocks remaining unchanged.

Trading on the city bourse dropped by 9 per cent in volume, and 25 per cent in value over the previous trading session as 74.52 million shares changed hands at a total value of VND1.04 trillion.

Sacombank Securities Joint Stock Company (SBS) stayed at the spot for most active share in volume for third day with 3.43 million shares changing hands.

Vietnam Commercial Joint Stock Export Import Bank or Eximbank (EIB) followed with 3.25 million shares.

IDICO - Petroleum Trading Construction Investment Joint Stock Company (PXL) tagged along with 3.06 million shares traded.

Big decliners on the city bourse today included Mien Dong Joint Stock Company (MDG), Savimex Corporation (SAV), Cuu Long Petro Urban Development & Investment Corporation (CCL), and Vietnam Petroleum Transport Joint Stock Company (VIP).

Traphaco Joint Stock Company (TRA), Gia Lai Sugar - Thermal Power Joint Stock Company (SEC), and Viet Nam Active Fund (VFMVFA) all escalated 5 per cent to close at VND52,500, VND18,900 and VND6,300 respectively.

Southern Seed Corporation (SSC) advanced for five consecutive trading sessions, enhancing 4.98 per cent to close at VND33,700.

Tan Dai Hung Plastic Joint Stock Company (TPC) fortified 4.85 per cent to close at VND10,800.

The VN30 Index - a free-float adjusted, market cap-weighted index of 30 stocks with the highest market value and liquidity on the exchange – ruined 6.06 points, or 1.2 per cent, to end at 498.48. Among its 30 members, 3 stocks climbed, 21 retreated and 6 remained unmoved.

Hanoi’s HNX-Index of the smaller bourse in the north nosedived 3.08 per cent, or 2.33 points, to close at 73.2 points, with 63 winners, 231 losers, and 49 stocks treading water. More than 96.27 million shares changed hands at a total value of VND941.22 billion.

Meanwhile, the UPCoM-Index of unlisted shares inched up 0.2 per cent, or 0.07 points, to close at 35.15 points. A total of 281,200 shares changed hands at VND2.03 billion.

By Thuy Doan

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