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

Other news

Most view

Fresh litchi, which is in season now in northern Vietnam, is being served on Vietnam Airlines’ international and domestic flights departing from Hanoi. (Photo: cafef.vn)

Fresh litchi to be served on Vietnam Airlines’ flights

Fresh litchi, which is in season now in northern Vietnam, is being served to business-class and premium-class passengers on Vietnam Airlines’ international and domestic flights departing from Hanoi. 

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Economy

Vocarimex plans to expand export markets

The Vietnam Vegetable Oil Industry Corporation -Vocarimex (code: VOC) has set its target the 2018 revenue will reach VND 4,8trillion, an increasing of 9 percent compared to 2017 and pre-tax profit target will be VND 300 billlion ($ 13 million), dividend payment ratio at 12 percent.

 

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.