Stocks decline for full week

Vietnam’s benchmark VN-Index declined for five consecutive trading sessions to a three-month low on November 11 as bearish sentiment overshadowed the market.

The shares of 300 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange dumped 1.18 percent, or 4.73 points, to close at 396.3 points.

This week, the gauge lost 3.5 percent, sending this year’s loss to above 18 percent.

Across the benchmark, 46 stocks climbed, 189 retreated, while 70 stocks remained unchanged.

Trading on the city bourse improved by 50 percent in volume and 12 percent in value over the previous trading session, as 35.4 million shares changed hands at a total value of VND574 billion.

Saigon Thuong Tin Joint Stock Commercial Bank or Sacombank (STB) took the lead on the race for the most active share in volume title with 1.57 million shares changing hands.

Becamex Infrastructure Development Joint Stock Company (IJC) ran after with 1.39 million shares traded, followed by Military Commercial Joint Stock Bank (MBB) with 1.02 million shares.

Tu Liem Urban Development Joint Stock Company (NTL) subtracted 16.04 percent to finish at VND15,700.

Viky Plastic Joint Stock Company (VKP) fell for three consecutive trading sessions, losing 8.33 percent to close at VND1,100.

Binh Thuan Hamico Mineral Joint Stock Company (KSA), Petroleum Pipeline and Tank Construction Joint Stock Company (PXT), and Urban Development & Construction Corporation (UDC) all went down 5 percent to close at VND9,500, VND5,700, and VND3,800 respectively.

Basa Joint Stock Company (BAS) revived 7.69 percent to close at VND1,400.

Saigon Beverages Join Stock Company (TRI) snapped its eleven-straight-day losing streak, reversing 5.26 percent to close at VND2,000.

Thien Long Group Corporation (TLG) rebounded 5 percent to VND14,700.

Meanwhile, the Hanoi’s HNX-Index of the smaller bourse in the north edged down 0.34 percent, or 0.22 points, to wrap week at a record low of 63.6 points. Around 21.4 million shares changed hands at a value of VND207.08 billion.

The UPCoM-Index of unlisted shares demolished 1.12 percent, or 0.33 points, to 29.24 points at 1:30 pm Vietnamese time. A total of 160,750 shares changed hands at a value of VND1.09 billion.

By Thuy Doan

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