VN-Index finishes week in red

Vietnam’s benchmark VN-Index slumped the most in the last two months on May 7 under the pressure from global market.

The VN-Index, a measure of 227 companies and four mutual funds listed on the Ho Chi Minh Stock Exchange, fell 7.48 points, or 1.36 percent, to finish at 542.03. Liquidity on the market topped a four-month high with more than 112.4 million shares, worth VND3.51 trillion, being traded.

Among the index members, 57 gained, 160 fell, and 14 remained unchanged.

Big losers on the city bourse included the Hanoi-based Vincom Joint Stock Company (VIC), Sao Vang Rubber Joint Stock Company (SRC), and Kinh Do Corporation (KDC).

Post and Telecommunications Investment and Construction Joint Stock Company (PTC) and Vinafco Joint Stock Corporation (VFC) rose to VND25,400, and VND14,800 respectively. They all climbed up 4.96 percent.

Cuu Long Fish Joint Stock Company (ACL) rose by 4.95 percent to trade at VND48,800.

PetroVietNam Transportation Corporation (PVT) was the most active stock in volume with more than 7.15 million shares. Saigon Commercial Bank or Sacombank (STB) came next with 3.25 million shares, followed by Viet - Han Corporation (VHG) with more than 3 million shares.

The smaller bourse in the north also stayed in red as the Hanoi’s HNX-Index slid 2.84 points, or 1.52 percent, to 184.38. Trading volume rose to 81.75 million shares, worth VND2.9 trillion. Foreign investors continued to sell heavily on the northern trading floor with a total value of more than VND11 billion.

The UPCoM-Index advanced 1.55 points to 54.22. More than VND9.03 billion were spent to trade a total of 553,465 shares.

By Da Nguyet

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