VN-Index makes correction due to profit-taking

Movements of VN-Index on November 8. (Photo:

The VN-Index, a measure of 266 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange, slightly dropped on November 8 as investors dumped shares to lock in gains.

The benchmark dipped 0.03 percent, or 0.14 points, to close at 457.13 points.

Liquidity on the city bourse declined over the previous trading session as around 32.6 million shares changed hands at VND801.29 billion.

On the index, 55 stocks advanced, 154 dropped, while 62 treaded water.

Saigon Securities Inc. (SSI), the country’s largest brokerage, took the spot of most active share in volume with 2.91 million shares changing hands.

Ocean Group Joint Stock Company (OGC) followed with 2.07 million shares, tagged along by Saigon Thuong Tin Commercial Bank or Sacombank (STB), one of the top listed lenders, with 1.34 million shares.

Cotec Investment and Land-house Development Joint Stock Company (CLG) gave up 5 percent to VND34,200.

Son Ha International Corporation (SHI) contracted 4.96 percent to VND24,900.

Khang An Investment Real Estate Joint Stock Company (KAC) plunged 4.95 percent to VND28,800.

Ma San Group Corporation (MSN) increased for three consecutive trading sessions, gaining 4.96 percent to VND63,500.

Chuong Duong Beverages Joint Stock Company (SCD) reversed a previous loss of 4.67 percent, climbing 4.9 percent to trade at VND25,700.

Vincom Joint Stock Company (VIC) advanced the fourth straight day, adding up 4.9 percent to VND75,000.

The northern bourse also finished in red as the Hanoi’s HNX-Index collapsed 3.07 points, or 2.72 percent, to 109.73 points. Trading volume severely fell over the previous trading session as around 22.51 million shares traded at VND487.9 billion, a decrease of 23.14 percent in volume and 22 percent in value.

The UPCoM-Index sliced 0.32 points to 41.9 points this morning. Trading volume suddenly jumped to more than 5 million shares worth VND54.68 billion.

By Thuy Doan

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