VN-Index slides further

Vietnam’s benchmark VN-Index fell for three consecutive trading sessions on May 24 as sell-side dumped shares heavily to escape the market while buy-side remained neglectful.

The gauge of 304 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange gave up 2.25 per cent, or 9.83 points, to close at 426.92 points with 42 gainers, 231 losers, and 36 stocks remaining unchanged.

Trading on the city bourse decreased by 12 per cent in volume, and 15 per cent in value over the previous trading session as more than 58.04 million shares changed hands at a total value of VND949.61 billion.

Saigon Securities Inc. (SSI), the country’s largest brokerage, was the most active share in volume with nearly 1.94 million shares changing hands.

This was followed by Vietnam Export Import Commercial Joint Stock Bank or Eximbank (EIB) with 1.93 million shares.

SACOM Development and Investment Corporation (SAM) finished third with 1.56 million shares traded.

Big losers on the city bourse included Nam Viet Corporation (ANV), An Pha Petrol Joint Stock Company (ASP), Bac Giang Exploitable Mineral Joint Stock Company (BGM), and Viet Nhat Medical Instrument Joint Stock Company (JVC).

Innovative Technology Development Corporation (ITD), Nam Kim Steel Joint Stock Company (NKG), and Petrolimex International Trading Joint Stock Company (PIT) revived 5 per cent to close at VND10,500, VND12,600, and VND8,400 respectively.
OPC Pharmaceutical Joint Stock Company (OPC) fortified 4.89 per cent to close at VND36,500.

Thu Duc Water Supply Joint Stock Company (TDW) regained 4.88 per cent to end at VND17,200.

The VN30 Index - a free-float adjusted, market cap-weighted index of 30 stocks with the highest market value and liquidity on the exchange – threw away 6.87 points, or 1.35 per cent, to end at 501.58. Among its 30 members, 2 stocks rallied, 24 weakened, and 4 closed flat.

Hanoi’s HNX-Index of the smaller bourse in the north salvaged 0.07 per cent, or 0.05 points, to close at 73.66 points with 80 winners, 164 losers, and 65 stocks stalling. Around 51.55 million shares changed hands at a total value of VND502.1 billion.

Meanwhile, the UPCoM-Index of unlisted shares slid 0.06 per cent, or 0.02 points, to close at 36.22 points. A total of 175,200 shares changed hands at VND950 million.

Related links : Real-time Boards: HOSE and HNX

By Thuy Doan

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