VN-Index shrinks to near 400

Vietnam’s benchmark VN-Index declined for three consecutive trading sessions on October 19 as investors remained pessimistic.

The measure of 297 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange tumbled 0.78 percent, or 3.17 points, to close at 401.15 points.

On the benchmark, 101 stocks climbed, 98 declined, while 103 remained unchanged.

Trading volume on the city bourse slightly fell over the previous day as around 24.3 million shares changed hands at a total value of VND395 billion.

Becamex Infrastructure Development Joint Stock Company (IJC) was the most active share in volume with 1.9 million shares changing hands.

It was followed by Vietnam Commercial Joint Stock Export Import Bank or Eximbank (EIB) with 1.09 million shares.

Hoang Quan Consulting - Trading - Service Real Estate Corporation (HQC) ranked third with 1.06 million shares traded.

Development Investment Construction Joint Stock Corporation (DIG) crashed 25 percent to VND15,000. The company will pay dividends to its current shareholders in cash at a ratio of 5 percent since November 21. Moreover, it will also pay dividends by shares at a ratio of 100:16, and reward its current shareholders by shares at a ratio of 100:14.

HAI Agrochem Joint Stock Company (HAI) slashed 10.89 percent to VND18,000. The company will advance dividends for the first term of this year in cash at a ratio of 20 percent since November 7.

Basa Joint Stock Company (BAS) receded 5.26 percent to VND1,800.

Viky Plastic Joint Stock Company (VKP) reversed 7.69 percent to close at VND1,400.

Post & Telecommunications Investment and Construction Joint Stock Company (PTC) snapped its four-day losing streak, recovering 4.97 percent to VND16,900.

Cuong Thuan IDICO Development Investment Corporation (CTI) advanced for five consecutive trading sessions, accelerating 4.89 percent to VND19,300.

Meanwhile, the Hanoi’s HNX-Index of the smaller bourse in the north rebounded 0.18 percent, or 0.12 points, to finish at 67.93 points. Around 25.5 million shares changed hands at a value of VND395 billion.

The UPCoM-Index of unlisted shares lost 0.63 percent, or 0.19 points, to 29.79 points at 2:40 pm local time. A total of 103,775 shares changed hands at a value of VND589 million.

By Thuy Doan

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