VN-Index loses steam, turnover hits record high
Though the VN-Index hit the green some time in the second session, it closed the day 1.3 percent down at 609.54. Of the index’s 176 companies, 73 increased, 95 decreased while 12 remained unchanged. More than 116 million shares worth VND5.8 trillion (USD 325 million) changed hands.
The market experienced the correction as investors booked profits after two days of strong gains, traders said, adding that they still believed overall momentum was pointing up.
In Hanoi, the HNX-Index lost 2.2 percent to finish at 206.82.
In the US, Wall Street’s blue-chip index rose further on Thursday (15 Oct), a day after leaping above the key 10,000 level for the first time in more than a year, as upbeat corporate earnings and economic news helped maintain the upward momentum, traders said.
The Dow Jones Industrial Average climbed 0.47 percent to end Thursday at 10,062.94 points.
Taking stock
Ben Tre Aquaproduct Import & Export Joint-Stock Co. (ABT) rose 4.5 percent to VND93,500 in 15th Oct. The company said net income in the January-September period rose to VND54 billion (USD 3 million) from 34.6 billion in the same period a year earlier, according to a statement filed on the firm’s website. The statement did not give a reason for the year’s gains.
Vietnam Dairy Products Joint-Stock Co. (VNM), known as Vinamilk, the country’s third-largest listed company by market value, fell 3.3 percent to VND88,000. The Ho Chi Minh City- based company plans to list an extra 175.6 million shares on October 21, according to a statement on the exchange’s website.
Phu Nhuan Jewelry Joint-Stock Co. (PNJ) declined 4.1 percent to VND70,000 on the day. The company will list about 10 million additional shares on October 19, it said in a statement filed on the exchange’s bulletin Friday.
Hang Xanh Motors Service Joint-Stock Co. (HAX), Vietnam’s exclusive dealer for Mercedes Benz cars, slid 3.8 percent to VND25,200, the biggest drop since September 4, according to data compiled by Bloomberg. The company is going to list an extra 3.7 million new shares on October 20, it announced on the exchange’s website.
