VN-Index lacks impulse to advance

Movements of VN-Index on July 15. (Photo: vietstock.vn)
Vietnam’s benchmark VN-Index slid for the second day on July 15 as hesitation returned to the market.

The index of 246 companies and four mutual funds listed on the Ho Chi Minh Stock Exchange, gave up 0.42 percent, or 2.15 points, to close at 505.19.

On the index, 67 shares increased, 136 dropped, and 47 were unmoved.

Liquidity on the market was its lowest in the past three days as just 42.6 million shares changed hands at VND1.26 trillion.

Saigon Thuong Tin Commercial Bank or Sacombank (STB) stayed on the position of most active shares by volume for the third consecutive day. The bank saw 2.96 million shares traded today.

Ocean Group Joint Stock Company (OGC) followed with 1.69 million shares changing hands.

Vietnam Electricity Construction Joint Stock Corporation (VNE) tagged along with 1.57 million shares. The company lost 4.76 percent to VND24,000 today.

From July 16 to September 14, Doan Thi Dao, sister of Dao Duc Hong – chairman of Vietnam Electricity Construction Joint Stock Corporation (VNE), registered to sell all 10,000 shares for personal expenses.

From July 16 to September 15, Nguyen Dau Thao, member of Board of Directors of Vietnam Electricity Construction Joint Stock Corporation (VNE), registered to sell 100,000 shares, cutting her holdings to 150,000 shares, to pay for purchase of additional shares.

South Logistics Joint Stock Company (SGT) declined 4.88 percent to VND39,000.

Viet Nam Land Investment Corporation (VNI) reduced 4.56 percent to VND27,200.

From July 19 to October 19, Viet Nam Land Investment Corporation (VNI) registered to buy 100,000 shares, increasing its treasury stocks to 200,130 shares.

Binh Duong Mineral and Construction Joint Stock Company (KSB) gained 4.96 percent to VND63,500.

Between May 6 and July 6, PXP Vietnam Fund Limited, a major shareholder of Binh Duong Mineral and Construction Joint Stock Company (KSB) registered to sell 176,147 shares, restructuring its investment category, but it was not able to sell because prices were not as high as expected. Its current holdings totaled 706,147 shares, accounting for 6.6 percent of VNE’s chartered capital.

Cuong Thuan Investment Corporation (CTI) rose 4.95 percent to VND48,800.

Khanh Hoi Import Export Joint Stock Company (KHA) climbed 4.94 percent to VND25,500.

Hanoi’s HNX-Index also fell 1.05 percent, or 1.71 points, to 160.71. Around 42.1 million shares changed hands, valued at VND1.23 trillion.

The UPCoM-Index lost 0.47 points to 58.16 points. The market of unlisted shares saw 133,450 shares traded at VND2.3 billion.

By Dong Nhi

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