Heavy-weight stocks drag VN-Index to one-month low

Vietnam’s benchmark VN-Index reversed previous gain, sinking to one-month low on September 28 as large-cap stocks slumped although gainers outnumbered losers.

The shares of 296 companies and five closed-end funds listed on the Ho Chi Minh City Stock Exchange rewound 0.8 percent, or 3.5 points, to close at 433.97 points.

Of the benchmark, there were 143 winners, 88 losers, while 70 stocks remained unmoved.

Trading volume slightly declined from a day earlier, totaling 37.6 million shares changed hands at a total value of VND647 billion.

Hoang Quan Consulting - Trading - Service Real Estate Corporation (HQC) topped the list of most active shares in volume with 2.08 million shares changing hands.

Saigon Thuong Tin Joint Stock Commercial Bank or Sacombank (STB) tagged along with 2.04 million shares.

Pha Lai Thermal Power Joint Stock Company (PPC) ranked third with 1.27 million shares.

NBB Investment Corporation (NBB) plunged 5 percent to close at VND49,400.

COMA 18 Joint Stock Company (CIG) dipped 4.84 percent to VND5,900.

Khang Dien Investment & Trading House Joint Stock Company (KDH) and Cuu Long Fish Joint Stock Company (ACL) both cut 4.78 percent to VND31,900.

Viky Plastic Joint Stock Company (VKP) regained 6.67 percent to VND1,600.

Vietnam Golf Tourism Joint Stock Company (VNG), and Godaco Seafood Joint Stock Company (AGD) both leaped forward 5 percent to VND16,800, and VND23,100 respectively.

Long Hau Corporation (LHG) rallied the second day, closing up 4.95 percent to VND40,300.

Meanwhile, the Hanoi’s HNX-Index of the smaller bourse in the north regained 0.33 percent, or 0.24 points, to finish at 73.58 points. Trading on the northern trading floor fell by 23 percent in volume and 26 percent in value over the previous day as nearly 36 million shares changed hands at a value of VND386.74 billion.

The UPCoM-Index of unlisted shares also sprang 0.87 percent, or 0.27 points, to 31.3 points. A total of 362,500 shares changed hands at a value of VND3.63 billion at 1:30 pm local time.

By San San

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