VN-Index slides on profit-taking

Vietnam’s benchmark VN-Index dipped slightly on March 22 as investors sold shares to take profits of previous gains.

The index of 305 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange tripped 0.02 per cent, or 0.1 points, to close at 445.67 points.

Among the index members, 136 increased, 111 decreased, while 63 stocks remained unchanged.

Trading volume on the city bourse marginally dropped over the previous trading session as 81.6 million shares changed hands at a total value of VND1.15 trillion.

Military Commercial Joint Stock Bank (MBB) topped the list of most active shares in volume with 5.04 million shares changing hands.

Petro Vietnam Finance Joint Stock Corporation (PVF) followed with 3.36 million shares.

Ocean Group Joint Stock Company (OGC) came next with 3.22 million shares traded.

Hoang Quan Consulting - Trading - Service Real Estate Corporation (HQC) plummeted 30.67 per cent to close at VND5,200. The company will pay dividends and reward its current shareholders by shares at a ratio of 50 per cent.

Binh Duong Construction & Civil Engineering Joint Stock Company (BCE) chopped 17.53 per cent to close at VND8,000. The company’s current shareholders will receive their dividends in cash at a ratio of 17 per cent on May 7.

Cadovimex Seafood Import-Export & Processing Joint Stock Company (CAD) lost 12.5 per cent to close at VND700.

Chang Yih Ceramic Joint Stock Company (CYC), Binh Thuan Hamico Mineral Joint Stock Company (KSA), Phu Tai Joint Stock Company (PTB), Manulife Progressive Fund  (MAFPF1), and Saigon Beverage Joint Stock Company (TRI) were the biggest gainers on the southern trading floor.

The VN30 Index - a free-float adjusted, market cap-weighted index of 30 stocks with the highest market value and liquidity on the exchange – adjusted 1.26 points, or 0.25 per cent, to end at 505.54. Among its 30 members, 12 stocks climbed, 11 retreated, and 7 remained unmoved.

Hanoi’s HNX-Index of the smaller bourse in the north strengthened 0.59 per cent, or 0.45 points, to close at 76.11 points with 153 winners, 132 losers, and 60 stocks treaded water. More than 104.76 million shares changed hands at a total value of VND1.01 trillion.

Meanwhile, the UPCoM-Index of unlisted shares sank 0.51 per cent, or 0.18 points, to close at 34.93 points. A total of 1,284,220 shares changed hands at VND51.61 billion.

By Thuy Doan

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