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Profit-taking drags stock market down
The Ho Chi Minh Stock Exchange made a correction on Thursday as investors offloaded shares to take profits from four previous days of rising.
The benchmark VN-Index lost 6.35 points, or 2.32 percent, to close at 267.04. Among the index’s 179 stocks, 127 declined, 27 rose and 25 were unchanged.
Turnover reached the 5-month high of 31 million shares worth VND630 billion.
Vietnam Blue-chips Investment Fund (VFMVF4) closed lower 4.17 percent to VND4,600. Chairman and general director Tran Thanh Tan became a shareholder by buying 50,000 fund certificates, or 0.062 percent, according to a report on the exchange’s Web site.
Thien Nam Trading Import Export Corporation (TNA) dropped 4.05 percent to close VND16,600. The firm said on the bourse’s Web site that its revenue and pretax profit in the first two months of the year reached VND56.19 billion and VND3 billion respectively.
Sai Gon Telecommunication & Technologies Corporation (SGT) were unchanged VND18,500. Tran Thi Hoai Thu, wife of deputy general director Huynh Ngoc Huy registered to sell her entire holdings of 50,000 shares, or 0.085 percent stake before June 23, the bourse said in a report on its Web site today.
Hoa Binh Construction & Real Estate Corporation (HBC) fell marginally 0.55 percent to VND18,200. The property developer announced on the exchange’s Web site that it will hold the annual shareholder meeting on March 31. The stock will go ex-dividend on March 27.
Sao Ta Foods Joint Stock Company (FMC) was among today’s winners, rising 3.23 percent to VND9,600. The food maker registered to buy back 497,530 shares in an attempt to boost its share price, according to a statement on the exchange’s Web site. The buyback will start on March 25 and finish on June 25.
The smaller bourse in Hanoi also retreated with the HaSTC-index slipping 1.84 points, or 1.87 percent, to finish at 96.3. Trading volume remained fairly high, with 21.7 million shares worth VND435 billion changing hands.
Thieu Gia
sai gon giai phong
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