VN-Index switches to losing trend

Vietnam’s benchmark VN-Index retreated for the second day on December 23 as upbeat sentiment started to fade.

The gauge, which tracks 274 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange, plunged 1.27 percent, or 6.12 points, to close at 475.41 points.

Among the index members, 40 increased, 196 declined, while 43 remained unchanged.

Trading volume significantly dropped over the previous trading session. Around 57.22 million shares changed hands at a value of VND1.41 trillion.

Saigon Securities Inc. (SSI), the country’s largest brokerage, took the spot of most active share in volume with 3.42 million shares changing hands.

Furniture producer Quoc Cuong Gia Lai Joint Stock Company (QCG) chased after with 3.12 million shares, followed by Tan Tao Investment Industry Corporation (ITA)

Sugar producer Société De Bourbon Tay Ninh (SBT) sank for the third day, tumbling 10.39 percent to VND13,800. The company will pay dividends for the first term of this year in cash at a ratio of 10 percent to its current shareholders on January 14.

Techno - Agricultural Supplying Joint Stock Company (TSC) collapsed 5 percent to VND17,100.

IDICO Infrastructure Development Investment Joint Stock Company (HTI) trimmed 4.97 percent to VND17,200.

Materials - Petrolium Joint Stock Company (COM) recovered 4.86 percent to VND36,700.

Becamex Infrastructure Development Joint Stock Company (IJC) put an end to its three-day losing streak, growing 4.84 percent to VND19,500.

Vinpearl Joint Stock Company (VPL) went up for three straight days, gaining 4.8 percent to VND39,300.

The smaller bourse in the north headed for four consecutive days of losses as the Hanoi’s HNX-Index plummeted 1.1 percent, or 2.51 points, to close at 111.22 points. Trading volume slightly improved to 40.7 million shares worth VND843.98 billion.

Meanwhile, the UPCom-Index dipped 0.4 points to 41 points this morning. A total of 243,800 shares changed hands at a value of VND2.11 billion.

Other news