Markets wrap month in pessimistic sentiment

Vietnam’s benchmark VN-Index declined the third day on September 30 to close month in bearish sentiment as investors sold shares heavily to flee from the market on speculation that losing trend would prolong.

The measure of 296 companies and five closed-end funds listed on the Ho Chi Minh City Stock Exchange edged down 0.11 percent, or 0.48 points, to close at 426.6 points.

On the benchmark, 82 stocks surged, 138 subsided, while 81 remained unchanged.

Trading on the city bourse fell by 56 percent in volume and 36 percent in value over the previous day as 34.37 million shares changed hands at a total value of VND813 billion.

Becamex Infrastructure Development Joint Stock Company (IJC) remained at the spot of the most active share by volume with 2.16 million shares changing hands.

Thuan Thao Corporation (GTT) run after with 974,260 shares traded.

Saigon Thuong Tin Joint Stock Commercial Bank or Sacombank (STB) came in third with 900,060 shares.

Basa Joint Stock Company (BAS) declined the second day, giving up 5.26 percent to VND1,800.

Meca Vneco Investment & Electricity Construction Joint Stock Company (VES), Seaprodex Refrigeration Industry Corporation (SRF), and Thac Mo Hydro Power Joint Stock Company (TMP) all shrank 5 percent to VND3,800, VND22,800, and VND9,500 respectively.

Cuu Long Petro Urban Development & Investment Corporation (CCL) sank 4.9 percent to VND9,700.

Dong Do Marine Joint Stock Company (DDM) rebounded 5 percent to close at VND4,200.

Long An Food Processing Export Joint Stock Company (LAF) revived 4.94 percent to VND17,000.

Saigon Fuel Joint Stock Company (SFC) grew for three consecutive days, adding up 4.89 percent to VND23,600.

Meanwhile, the Hanoi’s HNX-Index of the smaller bourse in the north chopped 1.04 percent, or 0.75 points, to finish at 71.34 points. Trading on the northern trading floor dropped by 42 percent in volume and 41 percent in value over the previous day as around 32.48 million shares changed hands at a value of VND349.18 billion.

The UPCoM-Index of unlisted shares also trimmed 0.29 percent, or 0.09 points, to 30.69 points. A total of 1,030,400 shares changed hands at a value of VND4.86 billion at 2:06 pm local time.

By Lam Dien

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