VN-Index finishes week in bearish sentiment

Vietnam’s benchmark VN-Index ended its two-days of gains to wrap week in red on April 22 as investors dumped shares heavily to avert risk.

The gauge of 284 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange collapsed 0.84 percent, or 3.85 points, to close at 456.45 points.

On the benchmark, only 46 stocks rallied, 196 retreated, while 47 remained unchanged.

Trading volume on the city bourse slightly improved over the previous trading session as nearly 23.5 million shares changed hands at a value of VND448.9 billion.

Saigon Securities Inc. (SSI), the country’s largest brokerage, led the list of most active shares in volume with 1.37 million shares changing hands.

It was followed by Sai Gon Thuong Tin Joint Stock Commercial Bank or Sacombank (STB) with 960,140shares.

Sugar producer Société De Bourbon Tay Ninh (SBT) came in third with 874,700 shares traded.

Losers on the southern trading floor included Vinafco Joint Stock Corporation (VFC), Viet Nam Land Investment Corporation (VNI), and Materials - Petroleum Joint Stock Company (COM).

Manulife Progressive Fund (MAFPF1) jumped the daily maximum allowed limit of 5 percent to VND4,200.

Ben Tre Forestry & Aquaproduct Import Export Joint Stock Company (FBT) climbed for three consecutive days, adding up 4.92 percent to VND6,400.

Descon Construction Corporation (DCC), and Lu Gia Mechanical Electric Joint Stock Company (LGC) both surged 4.88 percent to VND25,800.

The Hanoi’s HNX-Index of the smaller in the north slumped for ten days in a row, giving up 0.34 percent, or 0.29 points, to close at 83.92 points. Trading volume inched up over the previous trading session as more than 28 million shares worth VND361 billion changed hands.

Meanwhile, the UPCoM-Index of unlisted shares adjusted 0.3 points to 35.4 points this morning. A total of 155,600 shares changed hands at a value of VND1.42 billion.

By Sao Khue

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