VN-Index loses 30 points as most stocks sink

VN-Index loses 30 points as most stocks sink

The Saigon Times

HCMC – The Hochiminh Stock Exchange continued the downtrend with the benchmark VN-Index dipping by some 30 points, or 2.57%, at 1,136.12 today, January 26, as numerous stocks plunged into the red.

Losers outstripped winners by 395 to 78 on the southern bourse. Trade volume improved by 16% to 821.4 million shares while the value reached VND17.5 trillion, up 11% from the session earlier. There were over 39 million shares worth VND1.2 trillion traded in block deals.

Many bluechips were in negative territory, with lenders CTG and STB and financial service provider TCH tumbling by over 6%.

Making sluggish trade, many bank stocks such as VPB, BID, HDB and VIB were among key drags on the southern market.

Low-cost air carrier VJC, retailer VRE, brewery firm SAB, gas firm GAS and jewelry company PNJ slumped by 1.9%-2.4% at the close.

Among the bluechips, property stock NVL and lender MBB bucked the downward trend to close up 1.3% and 1.6%, respectively, while mobile phone retailer MWG stood at the reference price.

Lender STB was the most actively traded stock in the bluechip group with over 32 million shares changing hands, followed by steelmaker HPG with a matching volume of 24 million shares.

Among the speculative stocks, construction enterprise ROS hit the ceiling price and took the lead on the southern bourse by liquidity with 59.6 million shares traded.

The HNX-Index of the Hanoi Stock Exchange extended downward momentum and ended the day down 1.74% at 227.82 points.

Lender SHB was the most actively traded stock on the northern bourse with 45 million shares changing hands, but lost ground at the close.

Many other stocks, including securities firm SHS, petroleum stock PVS, investment and trading company TNG, also took nosedive.

Some small stocks such as mining group ACM, stainless steel firm KVC and construction firm LIG shot up to the ceiling prices.