Friday, July 27, 2007

Stock exchanges dip again

Both the Ho Chi Minh City and Ha Noi bourses continued their downward trends on July 27, although the fall in Ha Noi was much less severe than its larger southern counterpart.

The VN-Index in HCM City dropped sharply by 15.77 points or 1.65 percent to sink to 940.30 points.

More than 5.2 million shares valued at 476.5 billion VND changed hands on the day with the session witnessing 64 shares falling, 24 remaining unchanged and 20 rallying for gains.

Hoa Binh Construction and Real Estate (HBC) suffered the biggest loss
with stocks tumbling by 30,000 VND, followed by Binh Dinh Minerals (BMC), North Kinh Do Food (NKD) and International Food (IFS).

The highest volume of traded shares were recorded by blue-chips, Financing and Promoting Technology (FPT), Sai Gon Commercial Bank (STB), Refrigeration Electronic Engineering (REE), which saw prices remain unchanged.

Reflecting the bourse’s sluggish performance were Ha Tien Transportation (HTV), Hau Giang Pharmaceutical (DHG), My Chau Printing and Packaging (MCP) and Binh Trieu Engineering and Construction (BTC), recording the indexes sharpest increases of between 1,000-2,100 VND for the session.

In Ha Noi, the HaSTC-Index dipped slightly by 0.62 points to finish at 258.84 points. Some 773,500 shares were sold out at a total transaction value of 75.85 billion VND.

Blue-chips Asian Commercial Bank (ACB), Bao Viet Securities (BVS), Sai Gon Securities (SSI) all dropped by between 1,000-3,000 VND per share.

Source: VNA

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