VN-Index dives to two-month low

Vietnam’s benchmark VN-Index nosedived on June 4 as several stocks lost ground.

Shares of 304 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange plunged 2.83 per cent, or 12.15 points, to close at 416.65 points, the lowest level in the past two months.

Among the index members, 29 gained, 251 lost, and 28 remained unchanged.

Trading on the city bourse rose by nearly 98.5 per cent in volume, and nearly 84 per cent in value over the previous trading session as more than 143.32 million shares changed hands at a total value of VND2.44 trillion.

Saigon Securities Inc. (SSI) was the most active share in volume with 3.79 million shares changing hands.

Military Commercial Joint Stock Bank (MBB) followed with 2.6 million shares.

Vietnam Commercial Joint Stock Export Import Bank or Eximbank (EIB) tagged along with 2.12 million shares traded.

Vingroup Joint Stock Company (VIC) cropped 21.36 per cent to close at VND81,000. The company will pay dividends to its current shareholders by shares at a ratio of 1,000:275.

Hapaco Corporation (HAP) fell for five consecutive trading sessions, giving up 17.14 per cent to close at VND5,800. The company will issue more than 3.6 million shares to reward its current shareholders at a ratio of 15 per cent.

Innovative Technology Development Corporation (ITD) decelerated 9.62 per cent to close at VND9,400.
Hoa Binh Construction & Real Estate Corporation (HBC) enlarged 4.85 per cent to close at VND17,300.

Sai Gon Vien Dong Technology Joint Stock Company (SVT) moved forward 4.76 per cent to close at VND6,600.

Dong A Plastic Joint Stock Company (DAG) added up 4.63 per cent to close at VND11,300.

The VN30 Index - a free-float adjusted, market cap-weighted index of 30 stocks with the highest market value and liquidity on the exchange – shrank 12.76 points, or 2.52 per cent, to end at 492.89. Among its 30 members, only 1 stock advanced, and 29 dropped.

Hanoi’s HNX-Index of the smaller bourse in the north chopped 2.49 per cent, or 1.85 points, to close at 72.51 points with 55 winners, 209 losers, and 35 stocks treading water. Around 44.24 million shares changed hands at a total value of VND419.7 billion.

Meanwhile, the UPCoM-Index of unlisted shares corrected 0.47 per cent, or 0.17 points, to close at 35.85 points. A total of 811,780 shares changed hands at VND2.79 billion.

Related links : Real-time Boards: HOSE and HNX

By Thuy Doan

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