VN-Index extends loss to third day

Vietnam’s benchmark VN-Index closed month in red on November 30 as local investors continued dumping shares to avert risk amid a lack lustre news market.

The measure of 301 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange declined 0.58 percent, or 2.21 points, to close at 380.69 points.

On the benchmark, 63 stocks climbed, 149 receded, while 94 remained unchanged.

Trading on the city bourse dropped 25 percent in volume, and 22 percent in value over the previous day as around 26.23 million shares changed hands at a total value of VND386 billion.

Saigon Thuong Tin Joint Stock Commercial Bank or Sacombank (STB) was the most active share in volume with 2.09 million shares changing hands.

Military Commercial Joint Stock Bank (MBB) followed with 1.19 million shares.

Thuan Thao Corporation (GTT) came in next with 922,230 shares traded.

South Vietnam Container Shipping Joint Stock Company (VSG) plunged 5.56 percent to close at VND1,700.

Other losers included Materials - Petroleum Joint Stock Company (COM), Cuong Thuan IDICO Development Investment Corporation (CTI), and Binh Duong Mineral & Construction Joint Stock Company (KSB).

Basa Joint Stock Company (BAS) shot up 6.25 percent to VND1,700.

Saigon Beverages Join Stock Company (TRI) recovered 5.26 percent to close at VND2,000.

Cadovimex Seafood Import-Export & Processing (CAD), and Meca Vneco Investment & Electricity Construction Joint Stock Company (VES) both leaped forwards 5 percent to close at VND2,100.

Meanwhile, Hanoi’s HNX-Index of the smaller bourse in the north sank 1.48 percent, or 0.91 points, to close at 60.47 points. Around 30 million shares changed hands at a value of VND257.19 billion.

The UPCoM-Index of unlisted shares mounted 2.25 percent, or 0.7 points, to 31.86 points at 2:30 pm Vietnamese time. A total of 313,100 shares changed hands at a value of VND2.17 billion.

By Thuy Doan

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