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VN-Index slides as support disappears

In Uncategorized on December 24, 2010 at 4:38 am

Vietnam’s benchmark VN-Index, which tracks 274 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange, failed to protect its good performance on December 22 as investors opted to sell by the end of the trading session.

The gauge pared 0.05 percent, or 0.25 points, to close at 481.53 points.

Among the index members, 61 advanced, 159 retreated, while 59 remained unchanged.

Trading volume slightly dropped over the previous trading session. Around 61.5 million shares changed hands at a value of VND1.44 trillion.

Saigon Thuong Tin Commercial Bank or Sacombank (STB) was the most active share in volume with 4.3 million shares traded

It was followed by Saigon Securities Inc. (SSI), the country’s largest brokerage, with 4.14 million shares.

Tan Tao Investment Industry Corporation (ITA) came in third with 2.68 million shares changing hands.

Cuu Long Pharmaceutical Joint Stock Corporation (DCL) sank 6.42 percent to trade at VND33,500. The company will pay dividends for the first term of this year to its current shareholders in cash at a ratio of 10 percent since January 20.

Ocean Group Joint Stock Company (OGC) plunged 5.79 percent to VND24,400. The company will pay dividends for this year in cash at a ratio of 10 percent to its current shareholders since January 6.

Ho Chi Minh City Metal Corporation (HMC) tumbled 5.52 percent to VND15,400. Since January 10, the company will pay dividends to its current shareholders in cash at a ratio of 8 percent.

Binh Thuan Hamico Mineral Joint Stock Company (KSA) capped its four-day losing streak, rallying 4.98 percent to VND48,500.

South Logistics Joint Stock Company (STG) closed up 4.94 percent to VND25,500.

Rang Dong Plastic Joint-Stock Company (RDP) gained 4.86 percent to VND15,100.

The trading floor in the north performed the same sketch as the Hanoi’s HNX-Index slumped 1.1 percent, or 1.27 points, to close at 113.73 points. Trading volume dropped to more than 36 million shares worth VND685.37 billion.

Meanwhile, the UPCom-Index added up 0.54 points to 41.76 points this morning. A total of 139,120 shares changed hands at a value of VND1.23 billion.

Source: SGGP

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