Thursday, August 09, 2007

VN-Index, HaSTC-Index on the rise

Both the Ho Chi Minh City bourse and its Ha Noi-based counterpart experienced rises by the end of the August 9 trading session.

The VN-Index at the Ho Chi Minh City Stock Exchange (HOSE) climbed by 28.16 points or 3.09 percent from the previous session to close at 938.21 points.

Over 5.6 million shares, worth more than 553 billion VND, changed hands. The market saw 83 stocks gain, 14 stocks remain unchanged and 16 stocks fall.

Blue-chippers such as Financing and Promoting Technology (FPT), Saigon Thuong Tin Commercial Joint Stock Bank (STB), Vinh Son - Song Hinh Hydropower (VSH), Pha Lai Thermo Power (PPC), and Refrigeration Electrical Engineering (REE) were the most traded stocks.

BMC topped the list of big movers by increasing 17,000 VND to finish at 360,000 VND and was closely followed by Kinh Do Corp. (KDC) and Song Da Urban and Industrial Zone Investment and Development (SJS), up by 12,000 VND per unit.

Meanwhile, Hoang Gia International (RIC) experienced the highest price fall, down by 6,000 VND per unit, followed by Viettronics Tanbinh (VTB), Import-Export and Economic Cooperation (SAV) and Ben Tre Aquaproduct Import and Export (ABT).

On the morning of August 9, the PetroVietnam Drilling and Well Services (PVD) officially issued an additional 340,000 PVD shares on the bourse.

The HaSTC-Index at the Ha Noi Securities Trading Centre rose by 4.23 points to close at 258.98 points with 46 stocks gaining, 21 falling and 18 remained unchanged.

By closing, the market had more than 1.3 million shares, worth over 113.5 billion VND traded.

For the gains, it was Ho Cho Lon Real Estate (RCL) that led the charge up the ladder by tacking on 5,600 VND to its listed price of 208,000 VND. Construction No. 2 (VC2) was also among the top five gainers at the bourse.

Professional investors said that speculators’ activities are now dominating the stock exchange.

Source: VNA

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