Saturday, April 21, 2007

Vietnamese stock markets continue to dive

The VN-Index continued its decline as it closed at 968.88 points on Apr. 20, down 29.21 points against the previous session at the Ho Chi Minh City Securities Trading Centre (HoSTC).

The HaSTC-Index of the Ha Noi Securities Trading Centre also saw a 8.83 point decrease to 365.56.

Over 4.7 million shares worth more than 576.9 billion VND (36 million USD) were traded at the HoSTC.

Meanwhile, just 1.15 million shares worth 130.34 billion VND (8.1 million USD) were changed hands at the HaSTC.

Blue-chip shares decreased sharply with FPT down 25,000 VND each share; BMC, 21,000 VND; SJS, 11,000VND; SAM, 10,000 VND; KDC, 9,000 VND; ACB, 8,200 VND; BVS, 8,000 and NTP, 10,600 VND.

Only 11 shares listed at the HaSTC rallied for gains, 10 shares showed no change, and 62 shares endured declining prices from the previous trading session.

Many investors considered that the continuous slide of the VN-Index in recent days was a beginning a period of deep decline after a dizzy growth.

Source: VNA

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