Stocks slump as investors neglect

The shares of 221 companies and four close-ended funds listed on the Ho Chi Minh Stock Exchange fell 0.34 percent on April 14 as investors were not in buying mood.

Vietnam’s benchmark VN-Index slid 1.77 points to finish at 516.21. Trading volume dropped to six-session low as around 45.1 million shares were traded at VND1.73 trillion.

Among the index members, 86 gained, 93 fell, and 46 remained unchanged.

Electronics manufacturer Viettronics Tan Binh Joint Stock Company (VTB), which gave up 4.81 percent to VND17,800, was the biggest losers on the city bourse.

Hatien2 Cement Joint Stock Company (HT2) lost by 4.03 percent to VND14,300 from VND14,900. Gia Lai Cane Sugar Thermoelectricity Joint Stock Company (SEC) dropped 3.95 percent to VND24,300.

Saigon Commercial Bank or Sacombank (STB) returned to the spot of the most active share in volume with 1.79 million shares changing hands at VND21,900, followed by Truong Thanh Furniture Corporation (TTF) with 983,080 shares, and Société De Bourbon Tay Ninh (SBT) with 957,930.

Gainers on the southern bourse included Ngo Han Joint Stock Company (NHW), and Viet Nhat Seafood Corporation (VNH). Both added up 4.98 percent to VND21,100 and VND23,200 respectively.

Thien Nam Trading Import Export Corporation (TNA) edged up 4.97 percent to VND33,800.

Meanwhile, shares on the smaller bourse in the north made a better performance as the Hanoi’s HNX-Index gained 0.49 points, or 0.29 percent, to close at 169.06. Liquidity was lower than the previous day as around 36.6 million shares, worth VND1.3 trillion, were traded.

The UPCoM-Index also rallied. The index of the over-the-counter market rose 0.31 percent, or 0.13 points, to 41.57 points. A total of 174,147 shares was  changed hands at VND2.4 billion.

By Ngoc Thien

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