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

Other news

Most view

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Economy

185 leading domestic & in't enterprises join in VN ETE 2018

The Vietnam Exhibition of Electrical Technology and Equipment (Vietnam ETE 2018) and the Exhibition of Products, Technologies for Energy Saving and Green Power (ENERTEC EXPO 2018) yesterday kicked off in HCMC’s Saigon Exhibition Convention Center in district 7.

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.