Several stocks devalue on pessimistic sentiment

Stocks on Ho Chi Minh City Stock Exchange tumbled for four consecutive trading sessions, dragging Vietnam’s benchmark VN-Index to the lowest level since the end of August on November 10 as investors sold off shares to escape from the market.

The shares of 300 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange, collapsed 1.03 percent, or 4.16 points, to close at 401.03 points.

Among the index members, there were 36 winners, 175 losers, while 94 stocks remained unchanged.

Trading volume on the city bourse was a little changed over the previous trading session, as 25.32 million shares changed hands at a total value of VND512 billion.

Saigon Securities Inc. (SSI), the country’s largest brokerage, topped the list of most active shares in volume with 1.28 million shares changing hands.

It was followed by Military Commercial Joint Stock Bank (MBB) with 1.25 million shares.

Becamex Infrastructure Development Joint Stock Company (IJC) came next with 880,410 shares traded.

Société De Bourbon Tay Ninh (SBT) plunged 8.66 percent to finish at VND11,600. The company will pay dividends for the first term of this year to its current shareholders in cash at a ratio of 10 percent on December 15.

Viky Plastic Joint Stock Company (VKP) chopped 7.69 percent to close at VND1,200.

Basa Joint Stock Company (BAS) slashed 7.14 percent to close at VND1,300.

Construction Joint Stock Company No.5 (SC5) advanced the second day, resurrecting 4.95 percent to close at VND10,600.

Lilama 10 Joint Stock Company (L10) regained 4.94 percent to close at VND8,500.

South Vietnam Container Shipping Joint Stock Company (VSG) reclaimed 4.76 percent to VND2,200.

Meanwhile, the Hanoi’s HNX-Index of the smaller bourse in the north gave up 1.21 percent, or 0.78 points, to finish at a record low of 63.82 points. Around 28.4 million shares changed hands at a value of nearly VND259 billion.

The UPCoM-Index of unlisted shares cut 1.1 percent, or 0.33 points, to 29.62 points at 11:30 am Vietnamese time. A total of 105,800 shares changed hands at a value of VND816 million.

By Thuy Doan

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