VN-Index declines for full week

Vietnam’s benchmark VN-Index closed the first week of the year 2012 in red on January 6 as bearish and discouraged sentiment spread all over the market.

The gauge of 301 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange slashed 1.23 percent, or 4.21 points, to close at 336.73 points.

There were 66 gainers, 148 decliners, while 92 stocks remained unchanged on the benchmark.

Trading on the city bourse rose by 20 percent in volume, and 38 percent in value over the previous day as 29 million shares changed hands at a total value of VND420 billion.

The fourth largest listed bank Saigon Thuong Tin Joint Stock Commercial Bank or Sacombank (STB) stayed on the spot of most active share in volume for six straight trading sessions with 3.08 million shares changing hands.

Saigon Securities Inc. (SSI), the country’s largest brokerage, followed with 1.34 million shares traded.

Viet Nhat Medical Instrument Joint Stock Company (JVC) came next with 882,430 shares.

Lam Dong Minerals & Building Material Joint Stock Company (LBM) slumped 14.29 percent to close at VND6,000. The company will advance dividends for the first term of the year 2011 to its current shareholders in cash at a ratio of 10 percent on January 20.

Viky Plastic Joint Stock Company (VKP) shortened 12.5 percent to close at VND700.

Sieu Thanh Joint Stock Corporation (ST8) went down 7.83 percent to close at VND10,600.

Basa Joint Stock Company (BAS) revived 9.09 percent to finish at VND1,200.

Phuoc Hoa Rubber Joint Stock Company (PHR) regained 5 percent to VND27,300.

Foreign Trade Development & Investment Corporation (FDC) rallied 4.92 percent to finish at VND25,600.

Hanoi’s HNX-Index of the smaller bourse in the north dipped 0.82 percent, or 0.46 points, to close at 55.43 points. Around 22.6 million shares changed hands at a value of VND171.3 billion.

Meanwhile, the UPCoM-Index of unlisted shares weakened 0.24 percent, or 0.08 points, to close at 33.61 points. A total of 117,412 shares changed hands at a value of VND582 million.

By Thuy Doan

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