Wednesday, January 10, 2007

VN-Index keeps rising

Yesterday the VN-Index rose 19.8 points to 844.9, beating the record of 825.11 mark on the previous session, with 50 gainers and 31 losers. The total trading volume was 8.1 million shares worth 823 billion VND (51mio US$).


The top five winners including SJS (Song Da Urban and Industrial Zone Investment and Development Company); DHG (Hau Giang Pharmaceutical Joint Stock Company); PVD (Petroleum Services and Drilling Co); KDC (Kinh Do Co); and BMP (Binh Minh Plastic).

Foreign investors yesterday bought 3.1 million shares worth 418 billion VND (26mio US$), making up 51 percent of the total trading market. Their favored stocks included PVD, VSH (Vinh Son-Song Hinh Hydroelectricity Joint Stock Company) and VNM (Vinamilk Co). Meanwhile they sold only 225,000 shares.
Market analysts said mounting speculation over stocks among foreign investors produced a positive impact on domestic investors who tended to increase purchases.

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