VN-Index wraps week in red

Vietnam’s benchmark VN-Index retreated from a near five-month high on February 24 as several stocks lost ground due to strong profit-taking.

The index of 302 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange slid 0.11 per cent, or 0.46 points, to close at 423.43 points, while 156 stocks climbed, 94 dropped, and 57 remained unchanged. The gauge rose 5 per cent this week, adding this year’s gain to 20 per cent.

Trading on the city bourse improved by 18 per cent in both volume and value over the previous trading session as around 78.56 million shares changed hands at a total value of VND1.11 trillion.

Military Commercial Joint Stock Bank (MBB) remained at the spot of most active shares in volume for three consecutive trading sessions with 7.57 million shares changing hands.

Vietnam Commercial Joint Stock Export Import Bank or Eximbank (EIB) followed with 3.15 million shares traded.

Tan Tao Investment & Technology Joint Stock Company (ITA) came in third with 3.03 million shares.

Dong Thap Trading Corporation (FDG) slashed 11.05 per cent to close at VND15,300. The company will pay dividends for the year 2011 to its current shareholders in cash at a ratio of 20 per cent on April 2.

Tan Cang Logistics & Stevedoring Joint Stock Company (TCL) lost 7.41 per cent to close at VND17,500.

OPC Pharmaceutical Joint Stock Company (OPC) declined 5 per cent to close at VND32,300.

Cadovimex Seafood Import-Export & Processing Joint Stock Company (CAD) rebounded 10 per cent to close at VND1,100.

Other gainers on the city bourse today included Vietnam Mechanisation Electrification & Construction Joint Stock Company (MCG), Bac Giang Exploitable Mineral Joint Stock Company (BGM), Hapaco Corporation (HAP), and Construction & Materials Trading Joint Stock Company (CNT). They all rallied 5 per cent to close at VND6,300, VND6,300, VND4,200, and VND10,500 respectively.

Petro Vietnam Drilling & Well Services Corporation (PDV) edged up 4.99 per cent to close at VND42,100.

The VN30 Index added 1.37 points, or 0.29 per cent, to end at 477.77. Among its 30 members, 17 stocks rallied, 10 declined and 3 closed unmoved.

Meanwhile, Hanoi’s HNX-Index of the smaller bourse in the north mounted 0.43 per cent, or 0.29 points, to close at 67.07 points. Around 86.23 million shares changed hands at a total value of VND736.84 billion.

The UPCoM-Index of unlisted shares rose 0.14 per cent, or 0.05 points, to 34.76 points at 1.30 pm local time. A total of 4,082,100 shares were traded at VND195.69 billion.

By Thuy Doan

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