VN-Index loses on thin trading

VN-Index loses on thin trading

Vietnam’s benchmark VN-Index declined the third trading session on June 12 as trading was sluggish while investors were discouraged.

Source: VietstockFinance

Measure of 303 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange subtracted 1 per cent, or 4.34 points, to close at 428.16 points with 41 stocks advancing, 222 retreating, and 45 remaining unchanged.

Trading on the city bourse fell 16 per cent in volume, and 29 per cent in value over the previous trading session as more than 57.12 million shares changed hands at a total value of VND838.43 billion.

Saigon Thuong Tin Joint Stock Commercial Bank or Sacombank (STB) remained at the spot of most active share in volume with 2.63 million shares changing hands.

Ninh Van Bay Travel Real Estate Joint Stock Company (NVT) followed with 2.61 million shares.

Saigon Securities Inc. (SSI) came in third with 1.94 million shares traded.

Thanh Cong Textile Garment Investment Trading Joint Stock Company (TCM) slashed 9.43 per cent to close at VND9,600. The company will pay dividends to its current shareholders in cash at a ratio of 8 per cent.

Saigon Fuel Joint Stock Company (SFC) burned 8.29 per cent to close at VND18,800. The company will pay dividends to its current shareholders in cash at a ratio of 8 per cent on June 26. Recently, SFC announced that the company’s revenues in the first four months of this year were VND612.5 billion, and net profit was VND4.4 billion, accounting for 32 per cent and 24 per cent respectively of this year’s business plan.

Other losers included Bac Giang Exploitable Mineral Joint Stock Company (BGM), Southern Rubber Industry Joint Stock Company (CSM), and Ben Tre Forestry & Aqua Product Import Export Joint Stock Company (FBT).

Hydro Power Joint Stock Company – Power No.3 (DRL) rebounded 4.78 per cent to close at VND21,900.

Tien Giang Investment and Construction Joint Stock Company (THG) rose for four consecutive trading sessions, escalating 4.49 per cent to close at VND16,300.

Lilama 18 Joint Stock Company (LM8) emerged 4.39 per cent to close at VND11,900.

The VN30 Index - a free-float adjusted, market cap-weighted index of 30 stocks with the highest market value and liquidity on the exchange – reversed 3.5 points, or 0.69 per cent, to end at 506.49. Among its 30 members, 3 stocks rallied, 23 slumped, and 4 were unmoved.

Hanoi’s HNX-Index of the smaller bourse in the north erased 1.58 per cent, or 1.2 points, to close at 74.6 points with 61 winners, 203 losers, and 46 stocks treading water. Around 43.45 million shares changed hands at a total value of VND458.24 billion.

Meanwhile, the UPCoM-Index of unlisted shares soared 0.69 per cent, or 0.25 points, to close at 36.33 points. A total of 231,405 shares changed hands at VND1.34 billion.

sggp