Vietnam’s benchmark VN-Index declined most in two months, extending its losing momentum to the third day to open week in low note on May 16 as local investors dumped shares heavily to avert risks.
The shares of 284 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange plummeted 1.71 percent, or 8.18 points, to close at 471.49 points.
On the gauge, 151 stocks climbed, 68 retreated, while 70 remained unchanged.
Trading on the city bourse improved by 29 percent in volume and 21 percent in value over the previous trading session as nearly 25.36 million shares changed hands at a value of VND490 billion.
Saigon Securities Inc. (SSI), the country’s largest brokerage, won the position of most active share in volume with nearly 1.09 million shares changing hands.
Investment and Trading of Real Estate Joint Stock Company (ITC) took the second rank with 1.08 million shares traded.
It was followed by Vietnam Joint Stock Commercial Bank for Industrial and Trade or Vietinbank (CTG) with 937,120 shares.
Danang Rubber Joint Stock Company (DRC) slashed 34.69 percent to close at VND19,200. The company will issue 15,384,624 bonus shares to reward for its current shareholders at a ratio of 2:1 to increase its chartered capital to VND460 billion from VND307 billion. In addition, it will also pay dividends for the year 2010 in cash at a ratio of 10 percent since June 8.
Viet Nam Ocean Shipping Joint Stock Company (VOS) slumped 13.7 percent to VND6,300. The company will pay dividends for the year 2010 in cash at a ratio of 8 percent on June 1.
Petro Capital Infrastructure Investment Joint Stock Company (PTL) plunged 13.4 percent to close at VND8,400. The company will pay dividends in cash at a 10 percent rate on June 27.
Ba Ria - Vung Tau House Development Joint Stock Company (HDC) tumbled 13.11 percent to VND23,200. Its current shareholders will receive dividends in shares at a ratio of 20 percent.
Bank for Foreign Trade of Vietnam or Vietcombank (VCB) rebounded 4.98 percent to VND29,500.
Pomina Steel Corporation (POM) escalated for three consecutive days, edging up 4.92 percent to VND19,200.
Construction Joint Stock Company No 5 (SC5) rallied 4.85 percent to VND23,800.
The Hanoi’s HNX-Index of the smaller in the north dropped for five straight days, eroding 1.24 percent, or 1.02 points, to close at 80.98 points. Trading volume slightly rose over the previous trading session as around 22.4 million shares worth VND283.53 billion changed hands.
Meanwhile, the UPCoM-Index of unlisted shares gained 0.16 points to 34.54 points this morning. A total of 128,000 shares changed hands at a value of VND1.29 billion.
