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Stocks drop to near 515 points
The Vietnam’s benchmark VN-Index lost ground for the second day on April 20 as investors were waiting for news.
The index of 224 companies and four close-ended funds on the Ho Chi Minh Stock Exchange slid 0.3 percent, or 1.54 points, to finish at 515.2. Around 58.6 million shares, worth VND2.13 trillion changed hands.
Among the index members, 89 advanced, 101 declined, and 38 were unchanged.
Tan Tien Plastic Packaging Joint Stock Company (TTP) and Vietnam Sun Corporation (VNS) fell the maximum daily allowed 5 percent limit to VND47,500 and VND57,000.
House Viet Nam Joint Stock Company (NVN) slid 4.85 percent to VND31,400.
Big gainers on the city bourse included Gia Lai Cane Sugar Thermoelectricity Joint Stock Company (SEC), Ho Chi Minh City Metal Corporation (HMC), and Becamex Infrastructure Development Joint Stock Company (IJC). They all added the daily maximum allowed limit of five percent to VND29,400, VND21,000, and VND37,800 respectively.
Huu Lien Asia Corporation (HLA) was the most active stock in volume with more than 2 million shares being traded at VND25,800. Saigon Commercial Bank or Sacombank (STB) was next with 1.88 million shares. Viet - Han Corporation (VHG) came next with more than 1.8 million shares.
The Hanoi’s HNX-Index rose 0.9 points, or 0.52 percent, to close at 173.94. More than 53.84 million shares were traded at VND1.84 trillion.
The over-the-counter market also performed well as the UPCoM-Index added 1.61 points, or 3.6 percent, to 46.34. A total of 191,242 shares, worth VND2.7 billion was changed hands.
Thuy Doan
sggp
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