VN-Index Troughs to 922 Points

The VN-Index sagged by 8.27 points to close at 922.09 points at this morning’s trading session. However, new hopes are around the corner as bluechips Sacombank (STB) and  Saigon Securities (SSI) rose considerably thanks to large trading volumes.

Trading activities at the HCMC bourse still slowed as 88 stocks dropped while only 26 others gained, including a number of big caps like STB, Hoa Phat (HPG), VINCOM (VIC), SSI, Sudico (SJS) and Hapaco (HAP). 

The ongoing bullish trend is curbing the volume of transactions during the week, lowering STB’s matching orders by nearly 30 percent over yesterday. However, STB still increased by VND500 at the close.

Similarly, the transaction volume and price of SSI sagged during the week as its management announced that they would pay dividends to investors on December 24. However, at the end of this morning’s trading session, a large volume of SSI suddenly changed hands, resulting in an unexpected change on the market.

At present, the activities of the stock market are still slow but investors expect the gloomy market to recover soon when a number of large  companies like Phu My Fertilizer and Chemicals (DPM), Vinamilk (VNM) and REE Technology (REE) are to post their year-end financial reports.

For the time being, investors still have to wait while the VN-Index is ranging between a band of 900-920 points, which is considered the lowest limit during at the year-end period.

Up in the north at the Ha Noi bourse, the HASTC-Index shed 1.12 points to close at 324.88.

By Tuong Chau – Translated by Phuong Lan

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