VN-Index slumps on profit-taking

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SaiGon GP English - 34 month(s) ago 5 readings

Vietnam’s benchmark VN-Index receded for the second day on May 3 as most large-cap stocks lost ground while investors considered it a suitable time to comb shares, helping in maintaining liquidity at a high level.

The measure of 304 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange tripped 0.77 per cent, or 3.66 points, to close at 468.8 points with 130 gainers, 123 losers, and 56 stocks remaining unchanged.

Trading on the city bourse dropped by more than 12 per cent in volume and nearly 11.5 per cent in value over the previous trading session as more than 103.89 million shares changed hands at a total value of VND1.57 trillion.

Vietnam Electricity Construction Joint Stock Corporation (VNE) won the spot of most active share in volume with 5.99 million shares changing hands.

Sacom Development & Investment Corporation (SAM) took second place with 3.56 million shares.

Tan Tao Investment & Technology Joint Stock Company (ITA) was the third runner-up with 2.84 million shares traded.

Becamex Infrastructure Development Joint Stock Company (IJC) clipped 7.91 per cent to close at VND12,800. The company will pay dividends to its current shareholders in cash at ratio of 11 per cent on May 22.

Cotec Invesment & Land-House Development Joint Stock Company (CLG) moved backward 4.93 per cent to close at VND13,500.

Dry Cell and Storage Battery Joint Stock Company (PAC) fell for four straight trading sessions, cutting 4.91 per cent to close at VND21,300.

Cho Lon Water Supply Joint Stock Company (CLW), Foreign Trade Development & Investment Corporation (FDC), Binh Duong Mineral & Construction Joint Stock Company (KSB), Rang Dong Light Source and Vacuum Flask Joint Stock Company (RAL), and Mien Dong Joint Stock Company (MDG) sprang 5 per cent to close at VND12,600, VND25,200, VND29,400, VND33,600 and VND6,300 respectively.

Gia Lai Sugar - Thermal Power Joint Stock Company (SEC) climbed 4.98 per cent to close at VND23,200.

Tien Giang Investment and Construction Joint Stock Company (THG) and Ninh Hoa Sugar Joint Stock Company (NHS) gained 4.95 per cent to close at VND10,600 and VND29,700 respectively.

The VN30 Index - a free-float adjusted, market cap-weighted index of 30 stocks with the highest market value and liquidity on the exchange – reduced 3.62 points, or 0.67 per cent, to end at 536.1. Among its 30 members, 10 stocks rallied, 16 fell, and 4 closed unmoved.

Hanoi’s HNX-Index of the smaller bourse in the north rebounded 0.43 per cent, or 0.34 points, to close at 79.69 points with 175 winners, 112 losers, and 66 stocks treading water. Around 94.41 million shares changed hands at a total value of VND938.48 billion.

Meanwhile, the UPCoM-Index of unlisted shares dipped 0.34 per cent, or 0.12 points, to close at 35.01 points. A total of 372,600 shares changed hands at VND3.59 billion.

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