Investor composure helps markets resist plummet

[kieudiemvje]

Despite the sharp fall of global stock markets, Vietnam’s benchmark VN-Index only dropped slightly the last trading session in June, as investors remained calm amidst the movement experienced in international markets.
The index, which tracks 243 companies and four mutual funds on the Ho Chi Minh Stock Exchange, declined by 3.57 points, or 0.7 percent, to 507.14.
Among the index members, 46 advanced, 169 fell, and 32 remained unchanged. Trading volume jumped to 59.1 million shares, valuing VND1.31 trillion.
With 2.37 million shares, PetroVietNam Transportation Corporation (PVT) topped the list of most active share in volume. The company’s shares closed down 4.94 percent.
Transport company Thuan Thao Corporation (GTT) was behind with 1.88 million shares, followed by Vietnam Electricity Construction Joint Stock Corporation (VNE) with 1.63 million shares.
Consumer electronics producer Son Ha International Corporation (SHI) gave up 9.84 percent to VND33,000 from VND36,600 previous day. June 30 was the company’s ex-rights date to issue additional shares at a ratio 5:1.
Ben Thanh Trading & Service Joint Stock Company (BTT) lost 5 percent, falling to VND38,000.
Meanwhile, Hanoi Maritime Holding Company (MHC) added up 5 percent to VND10,500.
Sai Gon Telecommunication & Technologies Corporation (SGT) advanced for the third straight day, gaining 4.96 percent to VND42,300.
Ha Tien Transport Joint Stock Company (HTV) traded at VND19,200, up 4.92 percent from the previous day.
The smaller bourse in the north slumped as of the opening bell. The Hanoi’s HNX-Index ended at 158.81, down 2.52 points, or 1.56 percent. Around 39.9 million shares changed hands at VND1.16 trillion.
UPCoM-Index lost 0.59 points to 47.32 as of 11:25 am local time. Nearly VND3 billion was spent, totaling 168,243 shares.