VN-Index revives after big losses

Movements of VN-Index on September 14. (Photo: vietstock.vn)
Vietnam’s benchmark VN-Index slightly reversed on September 14 after falling unexpectedly for two sessions to below 450 points. Liquidity on the city bourse severely dropped as investors were cautious about bull-trap.

The gauge of 255 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange inched up 0.39 percent, or 1.74 points, to 449.01 points.

On the index, 172 stocks advanced, 42 retreated, while 46 were unmoved.

Trading volume sank to the lowest level in the past ten trading sessions as just around 37.5 million shares changed hands at a value of VND944.5 billion.

Tan Tao Investment Industry Corporation (ITA), which advanced the first time in five days, took the spot of most active shares in volume with 2.17 million shares changed hands. The company’s shares closed up the daily maximum allowed limit of 5 percent.

From September 13 to November 13, Dang Quang Hanh, deputy general director of Tan Tao Investment Industry Corporation (ITA), registered to sell 1.2 million shares, decreasing his holdings to 3,597,487 shares, accounting for 1.05 percent of the company’s chartered capital, to contribute in an investment.

Ocean Group Joint Stock Company (OGC) followed with 1.48 million shares, tagged along by Binh Duong Trade and Development Joint Stock Company (TDC) with 1.15 million shares.

Camau Trading Joint Stock Company (CMV) curbed it five-straight-day losing streak, climbing 4.96 percent to VND27,500.

Nari Hamico Minerals Joint Stock Company (KSS) shot up 4.93 percent to trade at VND31,900.

Meanwhile, Viet Nam Ocean Shipping Joint Stock Company (VOS) plunged 5 percent to VND15,200. The company announced that its deputy general director, Le Ngoc Minh, retired since September 1.

House Viet Nam Joint Stock Company (NVN) erased 4.93 percent to VND28,900.

Cuu Long Pharmaceutical Joint Stock Corporation (DCL) contracted 4.9 percent to trade at VND48,500.

The smaller bourse in the north also finished in green as the Hanoi’s HNX-Index rose 1.71 points, or 1.33 percent, to 129.93. Around 32.27 million shares, worth VND801.47 billion changed hands.

The UPCoM-Index added up 0.16 points to 47.32. A total of 324,525 shares were traded at VND3.28 billion.

By Hoang Nhan

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