Sell-offs sends VN Index below 460 points

17-May-2012 Intellasia | Saigon-gpdaily | 7:01 AM Print This Post

Stocks on HCM City Stock Exchange free-fell on May 15, extending its losing run to five consecutive trading sessions as support lost on renewed sell-offs.

The measure of 303 companies and five mutual funds listed on the HCM City Stock Exchange collapsed 2.99 per cent, or 14.04 points, to close at 455.65 points with 29 stocks increasing, 254 declining, and 25 remaining unchanged.

Trading on the city bourse fell by 15 per cent in volume, and 7 per cent in value over the previous trading session as more than 97.21 million shares changed hands at a total value of 1.57 trillion dong.

Vietnam Export Import Commercial Joint Stock Bank or Eximbank (EIB) was the most active share in volume with 3.44 million shares changing hands.

The runner-up was SACOM Development and Investment Corporation (SAM) with 3.39 million shares.

Becamex Infrastructure Development Joint Stock Company (IJC) ranked third with 2.86 million shares traded.

FPT Corporation (FPT) declined for six straight trading sessions, closing down 22.66 per cent to close at VND49,500. The company will pay dividends to its current shareholders in cash at a ratio of 10 per cent on June 1. It will also issue 54,006,719 shares to pay dividends to its current shareholders at a ratio of 25 per cent.

Cho Lon Water Supply Joint Stock Company (CLW) decelerated 14.96 per cent to close at 10,800 dong. The company will pay dividends to its current shareholders in cash at a ratio of 13.5 per cent on June 4.

Other decliners on the city bourse included Bank for Investment & Development of Vietnam Securities Company (BSI), Ca Mau Trading Joint Stock Company (CMV), Cuu Long Petro Urban Development & Investment Corporation (CCL), and National Seed Joint Stock Company (NSC).

South Vietnam Container Shipping Joint Stock Company (VSG) grew 8th day, enhancing 5 per cent to close at 2,100 dong.

Manulife Progressive Fund (MAFPF1) rebounded 4.88 per cent to close at 4,300 dong.

International Development & Investment Corporation (IDI) rose 4.84 per cent to end at 13,000 dong.

The VN30 Index – a free-float adjusted, market cap-weighted index of 30 stocks with the highest market value and liquidity on the exchange – slumped 13.45 points, or 2.51 per cent, to end at 522.9. Among its 30 members, only 1 stock rose, 28 dropped, and 1 closed unmoved.

Hanoi’s HNX-Index of the smaller bourse in the north lessened 2.57 per cent, or 2.03 points, to close at 76.81 points with 37 gainers, 268 losers, and 31 stocks treading water. Around 78.17 million shares changed hands at a total value of 806.01 billion dong.

Meanwhile, the UPCoM-Index of unlisted shares shortened 0.51 per cent, or 0.18 points, to close at 35.26 points. A total of 271,850 shares changed hands at 1.52 billion dong.


Category: Stocks

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