May 28: Vietnam Stocks Close Down As Rate Cut Move Fades

The benchmark VN Index fell 1.9 points or 0.43% to 435.48. Volume rose fell 14.2% to 66.7 million shares worth of VND949.9 billion. 

Put-through trading contributed 2.6 million shares worth VND47.4 billion. We saw 0.5 million PDR shares changed hands at the reference price of VND15,000 and 0.5 million TDH shares changed hands at the floor price of VND18,100.

The market breadth was still positive where 155 stocks advanced, 106 tumbled, 49 closed unchanged, and 10 stocks were untraded..

The VN30 Index sank 0.83 points, or 0.16%, to 513.44. Amongst its 30 members, 14 climbed, 11 declined and five were unmoved.

Tan Tao Investment – Industry Corporation (ITA), the most active stock on a trade of 3.8 million shares, rose 2.6% to end at VND7,900.

Largest listed stock broker Saigon Securities Inc (SSI), coming second in liquidity with 3.11 million shares changed hands, climbed 2.8% to settle at VND22,100.

SACOM Development and Investment Corporation (SAM) leaped 3.8% to VND8,200 on a trade of 2.6 million shares trading hands – third most active.

On the Hanoi Stock Exchange, the HNX index dipped 0.46 points, or 0.6%, to end at 75.6.

Volume was slightly higher from last Friday, totaling 55.72 million shares valued at VND564 billion.

The market breadth turned negative  on the northern exchange. Among index members,  108 rallied, 138 tumbled, 70 closed unmoved, and 81 were untraded.

Hanoi-based lender Habubank (HBB), the most active on the measure with 4.3 million shares changed hands, closed flat VND5,300.

VNDirect Securities (VND), coming second in liquidity on a trade of 4.11 million units, slid 3.25% to end at VND11,900 per share.

Sai Gon Thuong Tin Real Estate Joint Stock Company (SCR) slipped 2% to settle at VND14,600 on a trade of 4 million shares – the third most active.