VN-Index closes flat amid waning liquidity

Vietnam’s benchmark VN-Index successfully made a U-turn on July 26 as some blue-chip stocks continued to buoy the market. Trading volume remained low as investors lost appetite for equity assets.

The gauge of 294 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange inched up 0.01 percent, or 0.03 points, to close at 409.39 points.

Among the index members, 85 advanced, 125 declined, while 89 remained unchanged.

Trading on the city bourse improved by 32 percent in volume, and 22 percent in value over the previous trading session as 19.65 million shares changed hands at a value of VND307 billion.

Hoang Quan Consulting - Trading - Service Real Estate Corporation (HQC) won the title of the most active share in volume with 1.25 million shares changing hands.

Ho Chi Minh City-based Refrigeration Electrical Engineering Corporation (REE) followed with 735,910 shares traded.

Saigon Thuong Tin Joint Stock Commercial Bank or Sacombank (STB), the fourth largest listed lender, came next with 723,130 shares.

Viky Plastic Joint Stock Company (VKP) jumped 5.26 percent to close at VND2,000.

Petro Capital Infrastructure Investment Joint Stock Company (PTL) accelerated 4.94 percent to VND8,500.

Saigon Fuel Joint Stock Company (SFC) recovered 4.91 percent to VND23,500.

Danang Construction Building Materials & Cement Joint Stock Company (DXV) nosedived 14.52 percent to close at VND5,300.

Full Power Joint Stock Company (FPC) dumped 5.26 percent to VND1,800.

Gia Lai Sugar - Thermal Power Joint Stock Company (SEC) and Bac Giang Exploitable Mineral Joint Stock Company (BGM) both dropped 5 percent to VND20,900, and VND9,500 respectively.

The Hanoi’s HNX-Index of the smaller in the north declined for four straight days, eroding 0.46 percent, or 0.32 points, to finish at 69.91 points. Trading on the northern market fell by 3.8 percent in volume and 18.22 percent in value as 15.77 million shares changed hands at a value of VND166.8 billion.

The UPCoM-Index of unlisted shares collapsed 0.38 percent, or 0.12 points, to 31.46 points. A total of 148,776 shares changed hands at a value of VND888 million as of 2:20 pm local time.

By Ngoc Thien

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