Caution prevents cash flow in markets

Vietnam’s benchmark VN-Index failed to maintain recovery momentum at the beginning of the trading session, extending its losing run to a fifth day on June 27 as cautiousness prevented investors from joining the market.

The index of 302 companies and six mutual funds listed on the Ho Chi Minh City Stock Exchange slid 0.27 percent, or 1.15 points, to close at 418.04 points.

Across the benchmark, there were 89 gainers, 128 losers, while 91 stocks remained unchanged.

Trading on the city bourse dropped by 13 percent in volume, an insignificant amount in value over the previous trading session as more than 43.9 million shares changed hands at a total value of VND739.94 billion.

Sacom Development & Investment Corporation (SAM) was the most active share in volume with 1.87 million shares changing hands.

Sacombank Securities Joint Stock Company (SBS) followed with 1.76 million shares.

Tan Tao Investment Industrial Joint Stock Company (ITA) came in third with 1.42 million shares traded.

Viet Nhat Medical Instrument Joint Stock Company (JVC) shrank 9.21 percent to close at VND20,700.

Post & Telecommunications Investment and Construction Joint Stock Company (PTC) and Van Phat Hung Corporation (VPH) both crippled 5 percent to close at VND9,500, and VND5,700 respectively.

COMA 18 Joint Stock Company (CIG) and Mirae Joint Stock Company (KMR) both left 4.88 percent to close at VND3,900.

Alphanam Joint Stock Company (ALP), Duc Thanh Wood Processing Joint Stock Company (GDT), and Sieu Thanh Joint Stock Corporation (ST8) soared 5 percent to close at VND8,400, VND18,900, and VND12,600 respectively.

Lu Gia Mechanical Electric Joint Stock Company (LGC) added up 4.97 percent to close at VND16,900.

Binh Thanh Import - Export Production & Trade Joint Stock Company (GIL) retrieved 4.92 percent to close at VND40,500.

The VN30 Index - a free-float adjusted, market cap-weighted index of 30 stocks with the highest market value and liquidity on the exchange – deflected 0.96 points, or 0.19 percent, to end at 492.77. Among its 30 members, 10 stocks grew, 11 withered, and 9 remained unchanged.

Hanoi’s HNX-Index of the smaller bourse in the north slew 0.58 percent, or 0.41 points, to close at 70.7 points with 109 winners, 117 losers, and 82 stocks treading water. Around 34.77 million shares changed hands at a total value of VND325.16 billion.

Meanwhile, the UPCoM-Index of unlisted shares clipped 0.03 percent, or 0.01 points, to close at 36.4 points. A total of 671,300 shares changed hands at VND12.52 billion.

Related links: Real-time Boards: HOSE and HNX

By Thuy Doan

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