Tuesday, July 03, 2007

VN-Index, HaSTC continue slides

Both the Ho Chi Minh City and Ha Noi bourses continued their recent downward trends with both bourses on the decline by the end of the July 3 trading session.

The VN-Index at the Ho Chi Minh City Trading Centre dropped by 16.87 points, or 1.7 percent, to close at 977.3 points.

Up to 85 shares lost value on their listed prices with the biggest losers being Hau Giang Pharmaceutical (DHG), Binh Dinh Minerals (BMC), Saigon Hotel Corp. (SGH), Cable and Telecom Materials (SAM) and Kinh Do Corp. (KDC).

Meanwhile, Tan Tao Industrial Park Corp. (ITA), Tuong An Oil (TAC), Interfood Holding (IFS), Song Da Urban and Industrial Zone Investment and Development (SJS) and Vietnam Petroleum Transport (VIP) topped the list of 12 stocks rallying for gains.

Nearly 6.4 million shares worth 593.8 billion VND (37.1 million USD) changed hands, with Saigon Thuong Tin Commercial Joint Stock Bank (STB), Vietnam Investment Fund (VFMVF1), Bach Tuyet Cotton Corp. (BBT), Prudential Balance Fund (PRUBF1) and Refrigeration Electrical Engineering leading the market in terms of traded volumes.

The Ha Noi Securities Trading Centre (HaSTC) also suffered decline as 67 of the 87 listed shares on the exchange recorded dropping. Only eight stocks increased, while 12 others saw no transactions.

By closing, the HaSTC slid by 3.69 points to finish at 252.61 points with 1.35 million shares worth 134.73 billion VND (8.4 million USD) traded.

Source: VNA

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