VN-Index drops on pessimistic note

Vietnam’s benchmark VN-Index reversed previous gain on June 21 as investors were discouraged by a lackluster market.

Shares of 303 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange tripped 0.4 percent, or 1.75 points, to close at 431.14 points.

On the benchmark, 71 stocks were gainers, 159 losers, while 78 remained unchanged.

Trading on the city bourse rose by nearly 29 per cent in volume, and 11.6 per cent in value over the previous trading session as more than 43.83 million shares changed hands at a total value of VND687.29 billion.

Duc Long Gia Lai Group Joint Stock Company (DLG) was the most active share in volume with 3.96 million shares changing hands.

Saigon Thuong Tin Joint Stock Commercial Bank or Sacombank (STB) dropped to second rank with 3.25 million shares.

Sacom Development & Investment Corporation (SAM) ranked third with 1.98 million shares traded.

IDICO Infrastructure Development Investment Joint Stock Company (HTI) marched south 6.67 percent to close at VND8,400.

Hoang Long Group (HLG) contracted 5 percent to close at VND9,500.

Ocean Group Joint Stock Company (OGC) pulled back 4.96 percent to close at VND13,400.

Interfood Shareholding Company (IFS) grew 5 percent to close at VND4,200.

Materials - Petroleum Joint Stock Company (COM) restored 4.93 percent to close at VND29,800.

Tuong An Vegetable Oil Joint Stock Company (TAC) rallied for three straight trading sessions, sharpening 4.88 percent to close at VND47,300.

The VN30 Index - a free-float adjusted, market cap-weighted index of 30 stocks with the highest market value and liquidity on the exchange – cropped 3.52 points, or 0.69 percent, to end at 504.71. Among its 30 members, 4 stocks mounted, 22 slumped, and 4 remained unmoved.

Hanoi’s HNX-Index of the smaller bourse in the north shed 0.62 percent, or 0.46 points, to close at 73.9 points with 80 winners, 125 losers, and 79 stocks treading water. Around 25.26 million shares changed hands at a total value of VND273.65 billion.

Meanwhile, the UPCoM-Index of unlisted shares recovered 0.33 percent, or 0.12 points, to close at 36.43 points. A total of 317,400 shares changed hands at VND1.84 billion.

Related links: Real-time Boards: HOSE and HNX

By Thuy Doan

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