VN-Index slumps for four days

Vietnam’s benchmark VN-Index retreated the fourth day on March 17 as large-cap stocks continued to decline further.

The shares of 281 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange slid 0.66 percent, or 3.05 points, to close at 460.53 points.

Of the index, 103 advanced, 106 decreased, while 77 remained unchanged.

Trading volume on the city bourse slightly fell over the previous trading session as 36 million shares changed hands at a value of VND816 billion.

Vietnam Joint Stock Commercial Bank for Industrial and Trade or Vietinbank (CTG) stayed at the spot of the most active share in volume with 4.29 million shares changing hands.

Saigon Securities Inc. (SSI), the country’s largest brokerage, followed with 1.87 million shares.

Saigon Thuong Tin Joint Stock Commercial Bank or Sacombank (STB) came next with 1.61 million shares.

Vinh Long Cereal and Food Import Export Company (VLF) tripped the daily maximum allowed limit of 5 percent to close at VND20,900.

Interfood Shareholding Company (IFS) dropped for three consecutive days, losing 4.9 percent to VND13,600.

Bao Viet Holdings (BVH) extended its losing streak to four days in a row, paring 4.88 percent to trade at VND78,000.

Alphanam Joint Stock Company (ALP) rebounded 5 percent to VND12,600.

Hoa Sen Group (HSG) and Vietnam Mechanization Electrification & Construction Joint Stock Company (MCG) both edged up 4.9 percent to VND15,000.

Vietnam Joint Stock Commercial Bank for Industrial and Trade or Vietinbank (CTG) accelerated for seven straight days, gaining 4.86 percent to close at VND30,200.

The smaller in the north closed higher the second day as the Hanoi’s HNX-Index climbed 0.42 percent, or 0.39 points, to close at 92.37 points. Trading volume slightly improved over the previous trading session as 32.6 million shares worth VND520.57 billion changed hands.

Meanwhile, the UPCom-Index of unlisted shares market slipped 0.12 points to 38.23 points this morning. A total of 105,700 shares changed hands at a value of VND873.13 million.

By Vinh Nghi

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