Vietnam’s benchmark VN-Index dropped the second day, retreating to near 480 points on January 10 as investors lost confidence.

The measure of 276 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange shed 0.27 percent, or 1.31 points, to finish at 480.55 points.

Among the index members, 50 gained, 195 fell, while 36 remained unchanged.

Trading volume on the city bourse stayed at low level as around 33.8 million shares changed hands at a value of VND790.37 billion this morning.

Saigon Thuong Tin Commercial Bank or Sacombank (STB) led the list of most active shares in volume with 2.39 million shares changing hands.

Saigon Securities Inc. (SSI), the country largest brokerage, followed with 2.13 million shares.

Tan Tao Investment Industry Corporation (ITA) came next with 1.28 million shares.

Cuong Thuan Investment Corporation (CTI), Hanoi Maritime Holding Company (MHC), and Seafood Joint Stock Company No4 (TS4) all plunged the daily maximum allowed limit of 5 percent to VND47,500, VND7,600, and VND20,900 respectively.

Duc Long Gia Lai Group Joint Stock Company (DLG) shrank 4.9 percent to VND27,200.

Cadovimex Seafood Import-Export and Processing Joint Stock Company (CAD) fell for the second day, eroding 4.88 percent to VND7,800.

H.A.I Joint Stock Company (HAI) capped its three-consecutive-trading-session losing streak, rebounding 4.94 percent to VND34,000.

Sao Vang Rubber Joint Stock Company (SRC) climbed for three straight days, adding up 4.93 percent to VND29,800.

PAN Pacific Corporation (PAN) advanced 4.69 percent to trade at VND20,100 from VND19,200 the previous trading session.

The smaller bourse in the north collapsed as the Hanoi’s HNX-Index slumped 2.34 percent, or 2.57 points, to close at 107.47 points. Around 31.4 million shares were traded at VND592.51 billion.

Meanwhile, the UPCom-Index treaded water this morning, remaining at 44.72 points. A total of 189,600 shares changed hands at a value of VND2.87 billion.

Source: SGGP