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Market opens week on low note
The Vietnam’s benchmark VN-Index lost ground on April 19 as investors turned their backs on blue-chips. The market’s liquidity remained high with impulse mainly from penny-stocks.
The shares of 222 companies and four mutual funds listed on the Ho Chi Minh Stock Exchange fell 1.01 percent, or 5.29 points, to finish at 516.74. More than 61 million shares were traded, worth VND2.29 trillion.
Of the index, 76 stocks gained, 115 fell, and 35 were flat.
Decliners on the city bourse included Dong Nai Roofsheet and Construction Material Joint Stock Company (DCT), South Logistics Joint Stock Company (STG), Long An Food Processing Export Joint Stock Company (LAF), and Hanoi-based Dong A Plastic Group Joint – Stock Company (DAG).
Da Nang Contruction Building Materials and Cement Joint Stock Company (DXV), which close up the maximum daily allowed limit of 5 percent to VND25,200, led the gainers.
HCMC-based Hoa Binh Construction & Real Estate Corporation (HBC) rose by 4.98 percent to VND42,200.
Hoang Long Group (HLG) and Meca Vneco Investment and Electricity Construction Joint Stock Company (VES) were next. Both added 4.97 percent to VND31,700, and VND16,900 respectively.
Thanh Cong Textile Garment Investment Trading Joint Stock Company (TCM) won the spot of the most active stock in volume with 2.26 million shares traded up 4.76 percent to VND17,600. LICOGI 16 Joint Stock Company (LCG) followed with 2.13 million shares. Nam Viet Corporation (ANV) came next with 1.7 million shares.
The smaller bourse in the north made a contrast move as the Hanoi’s HNX-Index gained 0.44 points, or 0.25 percent, to 173.04. Around 56.23 million shares, worth VND1.94 trillion, were changed hands.
The UPCoM-Index also rose 0.65 points to 44.75. A total of 1.5 million shares was traded at VND21 billion.
Thuy Doan
SGGP
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