VN-Index drops on profit taking

Vietnam’s benchmark VN-Index slightly slid on October 31 as investors sold shares to take profits after the gauge impressively jumped last weekend.

The shares of 298 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange dipped 0.3 percent, or 1.26 points, to close at 420.81 points.

Across the benchmark, 84 advanced, 135 retreated, while 84 remained unchanged.

Trading on the city bourse fell by 8 percent in volume, and 17 percent in value as more than 37.89 million shares changed hands at a total value of VND581 billion.

Ocean Group Joint Stock Company (OGC) was the most active share in volume with 3.16 million shares changing hands.

Becamex Infrastructure Development Joint Stock Company (IJC) ran after with 2.45 million shares.

Saigon Securities Inc. (SSI), the country’s largest brokerage, came next with 2.26 million shares traded.

Viky Plastic Joint Stock Company (VKP) slashed 6.67 percent to close at VND1,400.

Hang Xanh Motors Service Joint Stock Company (HAX), Dry Cell and Storage Battery Joint Stock Company (PAC), and TMT Automobile Joint Stock Company (TMT) all dropped 5 percent to VND5,700, VND26,600, and VND5,700 respectively.

Seaprodex Refrigeration Industry Corporation (SRF) reclaimed 5 percent to close at VND21,000.

SaiGon Fuel Joint Stock Company (SFC) curbed its three-day losing streak, salvaging 4.98 percent to close at VND21,100.

Ocean Group Joint Stock Company (OGC) climbed for three consecutive days, gaining 4.96 percent to VND12,700.

The Hanoi’s HNX-Index of the smaller bourse in the north rallied 0.39 percent, or 0.27 points, to finish at 70.21 points. Around 59.8 million shares changed hands at a value of nearly VND660 billion.

Meanwhile, the UPCoM-Index of unlisted shares tripped 0.03 percent, or 0.01 points, to 30.67 points at 2:35 pm local time. A total of 244,600 shares changed hands at a value of VND1.67 billion.

By Thuy Doan

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