Vietnam’s benchmark VN-Index gained on June 10, rising above 500 points. Liquidity on the market, however, fell to four-month low as conflicting information from local and international markets roiled investor confidence.
The shares of 236 companies and four mutual funds listed on the Ho Chi Minh Stock Exchange rose as much as 2.95 points, or 0.59 percent, to finish at 500.51 points. More than 33.4 million shares worth VND949 billion changed hands.
Among the index members, 128 advanced, 57 fell, and 55 remained unchanged.
Tan Tao Investment Industry Corporation (ITA) was the most active stock in volume with 2.43 million shares changing hand up 1.28 percent to VND23,700.
Vietnam Electricity Construction Joint Stock Corporation (VNE) came in next with 1.57 million shares, followed by Saigon Thuong Tin Commercial Bank or Sacombank (STB) with 1.39 million shares.
From June 16 to August 13, Toan Thinh Phat Architecture, Investment and Construction Joint Stock Company, which involves to internal shareholders of Saigon Thuong Tin Commercial Bank (STB), registered to buy 4 million shares, raising its holdings to 5,644,340 shares, accounting 0.84 percent of chartered capital, to increase holding ratio.
Dong Hai Joint Stock Company of Ben Tre (DHC), which produces paper products, jumped the daily maximum allowed limit of 5 percent to VND21,000.
Hoa Binh Rubber Joint Stock Company (HRC) climbed 4.91 percent to VND44,900.
Thong Nhat Rubber Joint Stock Company (TNC) traded at VND17,200, up 4.88 percent from the previous day.
Decliners on the city bourse included Mirae Joint Stock Company (KMR), which processes bedding and other materials for garment and textile industry, Idico Urban and House Development Joint Stock Company (UIC), and Investment Commerce Fisheries Corporation (ICF).
At the smaller bourse in the north, liquidity also dropped. The Hanoi’s HNX-Index surged by 0.45 points to close at 157.06. Around 19.4 million shares were traded at VND593.55 billion.
After net buying for 10 consecutive sessions, foreign investors shifted to net selling this morning, with total value of VND2.12 billion.
The UPCoM-Index slid 0.08 points to 44.66 points. A total of 46,457 shares changed hands at VND673.15 million.
