VN-Index dives to 32-month low on mounting bearish sentiment

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VietStock FI English - 30 month(s) ago 3 readings

Vietnam’s benchmark VN-Index plunged to a 32-month low on December 22 as investors fled from the market on signs of rising inflation. Source: VietstockFinance

Shares of 302 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange shattered 2 percent, or 7.35 points, to close at 360.37 points.

Of the index, 48 stocks rallied, 187 lost, while 72 remained unchanged.

Trading volume on the city bourse little changed over the previous day as 46.2 million shares changed hands at a total value of VND788 billion, down 32 percent.

The fourth largest listed bank Saigon Thuong Tin Joint Stock Commercial Bank or Sacombank (STB) was the most active share in volume with 2.13 million shares changing hands.

Becamex Infrastructure Development Joint Stock Company (IJC) ran after with 1.68 million shares.

Refrigeration Electrical Engineering Corporation (REE) finished third with 1.57 million shares traded.

Viettronics Tan Binh Joint Stock Company (VTB) nosedived 12.86 percent to close at VND6,100. The company will pay dividends to its current shareholders in cash at a ratio of 6 percent on January 18.

Basa Joint Stock Company (PHR) extended its losing run to five straight trading sessions, giving up 7.69 percent to close at VND1,200.

CNG Vietnam Joint Stock Company (CNG) resumed its seven-day losing streak, declining 6.11 percent to VND21,500.

Viky Plastic Joint Stock Company (VKP) restored 12.5 percent to VND900.

Saigon Fuel Joint Stock Company (SFC) built up 5 percent to finish at VND23,100.

Cotec Construction Joint Stock Company (CTD) and Imexpharm Corporation (IMP) both gained 4.96 percent to VND29,600, and VND38,100 respectively.

The Hanoi’s HNX-Index of the smaller bourse in the north discharged 2.29 percent, or 1.37 points, to close at 58.42 points. Around 36.6 million shares changed hands at a value of VND322.91 billion.

Meanwhile, the UPCoM-Index of unlisted shares inched up 0.12 percent, or 0.04 points, to close at 34.19 points. A total of 704,700 shares changed hands at a value of VND1.96 billion.

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