Big Caps Lose Out as VN-Index Drops

The VN-Index fell 3.05 points to 1,092.48 at the Ho Chi Minh Stock Exchange on Friday as the larger stocks maintained their generally downward bias. 

 Sudico (SJS) was the big loser today, shedding nearly VND9,000. Softer declines befell Gemadept (GMD), down VND4,000, and Petro Vietnam Drilling and Well Services (PVD) and Vincom (VIC), both down VND3,000.

In gentler fashion, FTP Corporation (FPT) and Kinh Do (KDC) cast off VND2,000, and REE Technology (REE) and Tan Tao Industrial Zone (ITA) dropped VND1,000.

The smaller stocks were undeterred and managed to rally by and large, preventing the VN-Index from dropping more than it might have.

SMC Investment and Trading (SMC), which had the greatest trading volume of the session, went limit up to close at VND63,500. The same happened to Saigon Fuel (SFL), Tay Ninh Cable Cabs (TTC) and Saigon Garment (GMC).

Thu Duc Export and Import (TMC) experienced heavy trading to the tune of 993,000 shares.

One of the biggest caps, REE, is sure to see plenty of action if the rumor of its impending share issue turns out to be true.

By Tuong Chau – Translated by Phuong Lan

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