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FPT Fund Management’s ETF certificates debut on HOSE

The Saigon Times

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HCMC – Six million exchange-traded funds managed by FPT Investment Fund Management JSC was listed on the Hochiminh Exchange on May 26, with a ticker of FUEFCV50.

The ETF’S objective is to simulate as closely as possible the volatility of the VNX50-index, a price index that includes 50 stocks listed on the Hanoi Stock Exchange (HNX) and the Hochiminh City Stock Exchange (HOSE).

On its first trading day, FUEFCV50 added 1.94 points, or 19.9%, closing at VND11,690 per share. Today, it rose to its daily upper limit with a gain of 0.81 point and ended the day at VND12,500 per share.

The benchmark VN-Index of the HOSE inched down 0.87 point, or a fractional 0.08%, from the previous session to 1,063.76 points, despite winners outnumbering losers by 227 to 146.

More than 640.7 million shares worth nearly VND10.9 trillion changed hands on the southern market, down around 4.3% in volume and 7% in value day-on-day. There were nearly 45 million shares traded in block deals, contributing over VND1.4 trillion to the overall value.

VN30 basket saw 11 bluechips rising and 12 others dipping. A sell-off of SAB, VCB, BVH, GAS and VIC sent the VN30-Index down 0.13% against the previous session to 1,060.81 points.

GEX of Gelex Group JSC took the lead by liquidity on the southern bourse with over 31.3 million shares traded, up 4.5% to VND15,000 per share.

Small-capped, real estate and construction stocks attracted cash flow, with several of them staying in the green with good liquidity. DXG, DIG, CII, HHV and HQC improved from 0.7% to 4% versus Thursday with a matching volume ranging from 10.8 million shares to 20 million shares.

Bluechip NVL lost 1.9% against yesterday to VND12,950 per share with a matching volume of 20.1 million shares.

On the northern market, the HNX-Index added 0.87 point, or 0.4%, to 217.64 points, with 108 advancers and 61 decliners.

There were nearly 79.7 million shares valued at VND1.2 trillion traded on the northern exchange.

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