Monday, January 15, 2007

VN-Index exceeds 900-points mark

The VN-Index rocketed 98.2 points to exceed the 900-point threshold, closing at 914.8 with 46 gainers and 42 losers.

Market watchdogs forecast the 1,000-point mark would be well within reach this week if the trend continued.

Trading volume reported 8.2 million shares valued at 1.03 trillion VND (64mio US$)

The top three performers were CII (Ho Chi Minh City-based Infrastructure Investment and Development Co), FPT (IT developer), and GMD (Gemadept), hit the ceiling by 5%.
FPT led the top winner list gaining 25,000 VND to close 525,000 VND per unit; the GMD runner up increasing 9,000 VND to 189,000 VND; and CII made gains of 3,000 VND to 63,000 VND.

Other stock market heavyweights like SAM (Cables And Telecom Materials Joint Stock Company) and PVD (PetroVietnam Drilling and Service Co) increased by between 10,000 VND to 11,000 VND to close at 211,000 VND and 233,000 VND respectively.

Foreign investors continued to pump 392 billion VND (24mio US$) into buying 3.2 million shares.

Source: Than Nien

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