Tuesday, March 06, 2007

Securities transactions bustling

Securities transaction in Viet Nam kept bustling, with stock indexes climbing to new heights on Mar. 5 trading sessions at both the Ho Chi Minh City and Ha Noi Securities Trading Centres.

The VN-index closed at 1,158.9 points while the HaSTC Index scored a record increase by 16.7 points to 435.58 points.

The Ho Chi Minh Securities Trading Centre witnessed an increase in prices of up to 77 stocks, including 58 stocks approaching their ceiling prices.

On the Mar. 5 session, much attention was paid to low-cost stocks, particularly those bearing a face value of under 100,000 VND. Most of these stocks had changed hands by the end of the trading session.

Sales of Sacombank shares, coded STB, continued to record gains with a huge number of stocks traded on this session, including 119,110 stocks reaching their ceiling prices. The positive result was mainly driven by the bank's plan to increase its charter capital and pay 12% of dividend by shares.

More than 1 trillion VND worth of shares and investment certificates changed hands on this trading session at the HCM City Securities Trading Centre.

At the Ha Noi Securities Trading Centre, the HaSTC index rebounded on Mar. 5 after a decrease in three consecutive trading sessions. Most stocks recording gains are from financial, banking and insurance sectors, including Bao Viet Securities Corporation (BVS), Bao Minh Insurance Company (BMI) and the Asia Commercial Bank (ACB). Stock prices of cement, construction and services companies also gained strong increases.

At the end of the trading session, more than 3.4 million shares were traded, worth 362.9 billion VND. The figure represented an increase of 9% in volume and 28.5% in value over the previous day.

Plans of a series of companies to divide dividends by shares and provide shareholders with preferential share prices have prodded investors to pour more money into this market.

Source: VNA

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