Stocks almost unchanged as investors remain cautious

Despite good news from global market, Vietnam’s benchmark VN-Index continued to slide for three straight days on May 11 as investors were still wary.

The shares of 227 companies and four mutual funds listed on the Ho Chi Minh Stock Exchange, lost 0.02 points to finish at 534.36 points. Trading volume sharply dropped as around 69.1 million shares, worth VND2.17 trillion, were traded.

Among the index members, 97 stocks gained, 92 fell, and 42 were flat.

Hanoi-based FPT Corporation (FPT), Vien Dong Investment Development Trading Corporation (VID), and Cuu Long Fish Joint Stock Company (ACL), which located in the Mekong Delta province of An Giang were the big losers on the city bourse.

Royal International Corporation (RIC) rose by 4.98 percent to trade at VND33,700 from VND32,100 yesterday.

Vegetable Oil Packing Joint Stock Company (VPK) climbed up 4.96 percent to VND12,700.

Hoa Binh Construction & Real Estate Corporation (HBC) gained 4.94 percent to trade at VND44,600.

Saigon Securities Inc. (SSI) was the most active stock in volume with 3.64 million shares. Vietnam’s largest brokerage gave up 0.49 percent to trade at VND41,000.

PetroVietNam Transportation Corporation (PVT) came next with 2.42 million shares, followed by Société De Bourbon Tay Ninh (SBT) with 2.19 million shares.

Meanwhile, the smaller bourse in the north made a contrast move as the Hanoi’s HNX-Index advanced by 0.73 points, or 0.4 percent, to close at 182.43 points. Trading volume also fell to nearly 48.7 million shares, worth VND1.76 trillion.

The UPCoM-Index rose by 0.06 points to 55.71. A total of 413,705 shares was traded at VND7.39 billion.

By Hoang Nhan

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