VN-Index drops further

Vietnam’s benchmark VN-Index dropped for six straight trading sessions on May 16 as buying demand failed to prop up market against strong selling pressure.

The gauge of 303 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange shrank 1.26 per cent, or 5.74 points, to close at 449.91 points with 62 stocks climbing, 194 dropping, and 52 remaining unchanged.

Trading on the city bourse fell by 11 per cent in volume, and 16.6 per cent in value over the previous trading session as more than 86.46 million shares changed hands at a total value of VND1.31 trillion.

SACOM Development and Investment Corporation (SAM) advanced to the spot of most active share in volume with 2.73 million shares changing hands.

Hoang Quan Consulting Trading Service Real Estate Corporation (HQC) followed with 2.63 million shares.

Petro Vietnam Transportation Corporation (PVT) ran after with 2.17 million shares traded.

Lix Detergent Joint Stock Company (LIX) downgraded 22.51 per cent to close at VND27,200. The company will pay dividends to its current shareholders in cash at a ratio of 15 per cent on May 31 and with shares at a ratio of 20 per cent on July 2.

HUD3 Investment and Construction Joint Stock Company (HU3) cropped 10.91 per cent to close at VND14,700. The company will pay dividends to its current shareholders in cash at a ratio of 25 per cent on June 12.

Petro Vietnam Fertilizer and Chemicals Company (DPM) edged down for six consecutive trading sessions, sinking 7.76 per cent to close at VND33,300. The company will pay dividends to its current shareholders in cash at a ratio of 25 per cent since June 11.

Mekophar Chemical Pharmaceutical Joint Stock Company (MKP) resurrected 4.96 per cent to close at VND48,700.

Rang Dong Plastic Joint Stock Company (RDP) capped its four-day losing run, rebounding 4.85 per cent to close at VND10,800.

An Giang Fisheries Import Export Joint Stock Company (AGF) attached 4.8 per cent to end at VND28,400.

The VN30 Index - a free-float adjusted, market cap-weighted index of 30 stocks with the highest market value and liquidity on the exchange – contracted 3.2 points, or 0.61 per cent, to end at 519.7. Among its 30 members, 6 stocks rose, 21 sank, and 3 closed unmoved.

Meanwhile, Hanoi’s HNX-Index of the smaller bourse in the north recovered 0.96 per cent, or 0.74 points, to close at 77.55 points with 164 gainers, 113 losers, and 55 stocks treading water. Around 65.77 million shares changed hands at a total value of VND651.06 billion.

The UPCoM-Index of unlisted shares revived 0.85 per cent, or 0.3 points, to close at 35.56 points. A total of 412,790 shares changed hands at VND2.9 billion.

Related links : Real-time Boards: HOSE and HNX

By Thuy Doan

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