Thursday, August 23, 2007

VN-Index slides, HaSTC-Index bounces back

The Ho Chi Minh City Stock Exchange (HOSE) reported losses again while its Ha Noi-based counterpart bounced back by the end of the August 23 trading session.

The VN-Index at the HOSE dropped 4.45 points or 0.5 percent to finish at 887.62 points. Close to 6 million shares, worth more than 439 billion VND, changed hands during the day.

The session witnessed 52 shares decline, 22 remain unchanged and 40 others rally for gains.

Shares that suffered the biggest losses included blue-chips Tan Tao Industrial Park Corporation (ITA), PetroVietnam Drilling and Well Services (PVD) and the Corporation for Financing and Promoting Technology (FPT).

Meanwhile, Binh Dinh Minerals (BMC) continued to top the list of movers by tacking 23,000 VND onto its listed price to finish at 495,000 VND per unit. It was followed by Tay Ninh Cable Tour Company (TCT) and the Saigon Hotel Corporation (SGH).

Saigon Thuong Tin Commercial Bank (STB), Vinh Son - Song Hinh Hydropower (VSH) and FPT were among the shares that led the market in terms of transaction volume.

The HaSTC-Index at the Ha Noi Securities Trading Centre meanwhile rose 0.9 point to finish at 247.37 points. More than 972,000 shares, worth over 90 billion VND, were traded.

Asia Commercial Bank (ACB) and Saigon Securities Inc. (SSI) continued to lead the market in terms of transaction volume with 152,000 shares changing hands.

The Over-The-Counter (OTC) market has also become less attractive to investors. The market saw many shares decline, including Vietcombank shares, which dropped by 50 percent to finish at 140,000 VND per unit.

The HOSE will close on September 3 for National Day and will resume operations on September 4, according to the bourse's General Director Tran Dac Sinh.

Source: VNA

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