VN-Index trims 2.5 per cent as investors flee

Vietnam’s benchmark VN-Index declined the second day on May 23 as investors fled the market on pessimism that losing trend would prolong further.

Shares of 304 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange collapsed 2.5 per cent, or 11.19 points, to close at 436.75 points with 38 gainers, 237 losers, and 34 stocks remaining unchanged.

Trading on the city bourse dropped by 21.8 per cent in volume, and 26.8 per cent in value over the previous trading session as more than 66.02 million shares changed hands at a total value of VND1.11 trillion.

Hoa Sen Group (HSG) was the most active share in volume with 1.94 million shares changing hands.

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

Vietnam Export Import Commercial Joint Stock Bank or Eximbank (EIB) tailed after with 1.56 million shares traded.

Bao Minh Insurance Corporation (BMI) shrank 14.66 per cent to close at VND9,900. The company will pay dividends to its current shareholders in cash at a ratio of 12 per cent on June 15.

Hoa An Joint Stock Company (DHA) adjusted 11.72 per cent to close at VND11,300. The company will pay dividends to its current shareholders in cash at a ratio of 10 per cent on June 29.

Dry Cell and Storage Battery Joint Stock Company (PAC) dipped 8.33 per cent to close at VND22,000. The company will pay dividends to its current shareholders in cash at a ratio of 14 per cent on June 15.

Viet Thang Feed Joint Stock Company (VTF) hiked 4.85 per cent to close at VND28,100.

OPC Pharmaceutical Joint Stock Company (OPC) rebounded 4.82 per cent to close at VND34,800.

Hoa Binh Construction & Real Estate Corporation (HBC) sprinted 4.8 per cent to end at VND39,300.

The VN30 Index - a free-float adjusted, market cap-weighted index of 30 stocks with the highest market value and liquidity on the exchange – eroded 8.41 points, or 1.63 per cent, to end at 508.45. Among its 30 members, 3 stocks advanced, 25 declined, and 2 closed unmoved.

Hanoi’s HNX-Index of the smaller bourse in the north plummeted 3.73 per cent, or 2.85 points, to close at 73.61 points with 39 winners, 248 losers, and 33 stocks treading water. Around 55.28 million shares changed hands at a total value of VND569.63 billion.

Meanwhile, the UPCoM-Index of unlisted shares slid 0.44 per cent, or 0.16 points, to close at 36.24 points. A total of 727,426 shares changed hands at VND3.8 billion.

Related links : Real-time Boards: HOSE and HNX

By Thuy Doan

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