VN-Index closes June in pessimistic sentiment

The Vietnam’s benchmark VN-Index dropped on June 30 as investors’ confidence eroded amid the cash flow on the market was tightened more and more although interest rate tended to fall in the past few days.

The shares of 288 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange shed 0.47 percent, or 2.06 points, to close at 432.54 points.
On the benchmark, there were 78 winners, 142 losers, while 73 remained unchanged.
Trading on the city bourse fell by 6 percent in volume, and 12 percent in value over the previous trading session as 24.17 million shares changed hands at a value of nearly VND410 billion.
Saigon Securities Inc. (SSI), the country’s largest brokerage, remained on the spot of most active share in volume with 1.45 million shares changing hands.
It was followed by PetroVietnam General Services Joint Stock Corporation (PET) with 1.11 million shares traded.
PetroVietnam Transportation Corporation (PVT) finished third with 704,060 shares.
Cotec Investment & Land-House Development Joint Stock Company (CLG), Ninh Hoa Sugar Joint Stock Company (NHS), and Urban Development & Construction Corporation (UDC) were the biggest losers on the city bourse today. They all ground the daily maximum allowed limit of 5 percent to VND13,300, VND26,600, and VND5,700 respectively.
Hamico Mineral Group (KSH) contracted 4.93 percent to VND21,200.
Real estate company De Tam Joint Stock Company (DTA) resumed its four-day losing trend, closing down 4.92 percent to VND5,800.
Ngo Han Joint Stock Company (NHW) and Transforwarding Warehousing Joint Stock Corporation (TMS) both shot up 5 percent to VND10,500, and VND23,100 respectively.
Saigon Fuel Joint Stock Company (SFC) advanced for three consecutive trading sessions, accelerating 4.96 percent to VND25,400.
Materials - Petroleum Joint Stock Company (COM) gained 4.86 percent to VND30,200.
The Hanoi’s HNX-Index of the smaller in the north lost 0.67 percent, or 0.5 points, to finish at 74.35 points. Trading on the northern market improved by 28.35 percent in volume and 13.34 percent in value over the previous trading session as 29.6 million shares worth VND316 billion changed hands.
Meanwhile, the UPCoM-Index of unlisted shares enlarged 0.06 points, or 0.18 percent, to 32.99 points. A total of 389,900 shares changed hands at a value of VND3.44 billion as of 3 pm local time.

By Phu Huu

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