Friday, June 15, 2007

Stock markets see little change

The VN-Index on the Ho Chi Minh City trading floor rebounded for the second consecutive day, closing 5.4 points higher to finish at 1,048.19 by the end of trading, on June 15.

Viet Nam’s oldest bourse saw close to 5.68 million shares traded at a recorded value of 601.48 billion VND.

A number of blue-chip stocks such as IT giant FPT were among the 39 shares that gained on the day. 45 shares depreciated and 25 saw no change.

In the capital city, the Ha Noi floor suffered a minor dip of 2.4 points to end up on 313.47 points.

Trade volume was also lower than usual as 1.16 million shares were traded, valued at 109.67 billion VND.

The Asia Commercial Bank, ABC, and the Saigon Securities Inc. (SSI) enjoyed slight rises in trading volume.

Experts attributed the rally of the HCM City bourse to increasing interest from foreign investors in the market.

Vu Hong Viet, a dealer on the Ha Noi floor at the Headquarters of the Security Company of the Bank for Industry and Development of Viet Nam (BSC), said a number of foreign investors recently opened new accounts with major securities companies such as Bao Viet and SSI.

Source: VNA

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