VN-Index retreats to 380

Vietnam’s benchmark VN-Index declined the fourth day on December 1 as several large-cap stocks dropped on speculation of further decline.

The shares of 301 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange fell 0.15 percent, or 0.59 points, to close at 380.1 points.

On the benchmark, 120 stocks rallied, 89 decreased, while 97 remained unchanged.

Trading volume on the city bourse fell 19 percent over the previous day as around 21.2 million shares changed hands at a total value of VND389 billion.

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

Military Commercial Joint Stock Bank (MBB) tagged along with 903,960 shares.

Ocean Group Joint Stock Company (OGC) chased after with 881,280 shares traded.

Vietnam Sun Corporation (VNS), Ca Mau Frozen Seafood Processing Import Export Corporation (CMX), Imexpharm Corporation (IMP) and Tay Nguyen Electricity Investment Joint Stock Company (TIC) all tumbled 5 percent to close at VND19,000, VND3,800, VND36,100 and VND7,600 respectively.

Saigon General Service Corporation (SVC) shed 4.94 percent to VND15,400.

Materials - Petroleum Joint Stock Company (COM) shrank 4.91 percent to VND27,100.

Viky Plastic Joint Stock Company (VKP) resumed its three-day winning streak, enhancing 11.11 percent to VND1,000.

South Vietnam Container Shipping Joint Stock Company (VSG) and Basa Joint Stock Company (BAS) climbed 5.88 percent to close at VND1,800.

Saigon Beverages Joint Stock Company (TRI) increased 5 percent to close at VND2,100.

Meanwhile, Hanoi HNX-Index of the smaller bourse in the north resurrected 1.17 percent, or 0.71 points, to close at 61.18 points. Around 21.6 million shares changed hands at a value of nearly VND200 billion.

The UPCoM-Index of unlisted shares gained 0.19 percent, or 0.06 points, to 31.92 points at 2:07 pm Vietnamese time. A total of 263,650 shares changed hands at a value of VND1.43 billion.

By Thuy Doan

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